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$ 21,999,000
Est. payment | /mo
6,150 Sqft Lot
$ 21,999,000
Est. payment | /mo
6,150 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81987991
HOA Y/N No
Year Built 1938
Lot Size 6,150 Sqft
Property Description
Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sqft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot. Acclaimed restaurant occupies the first floor with a long-term lease. Exquisite traditional design with timeless trim work, moldings and paneling, recessed lighting, and sliding panels to create more intimate spaces for private dining. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless-steel counters and shelving; sinks and appliances including multiple ovens, gas burners, fryers, steamers and workstations. Large walk-in refrigerator and 2 large bathrooms.The second floor has 6,150 sqft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style. Remodeled kitchenette. Contemporary bathrooms with 3 stalls and elegant white, textured tiles. Blend of 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Abundance of natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity!
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CDCGP
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Other
Building
Story 2
Water Public
Others
Tax ID 12015085
Listed by Annie Watson • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "