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510 Waverley Street, Palo Alto, California 94301

$3,450,000

Property Type
Residential Income
Square Feet
2,570 sqft
City
Palo Alto
Status
Active

Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.

510 Waverley St
Palo Alto, CA 94301
$3,450,000
2,570
Square Feet
4,895 sq ft
Lot Size
1
Days on Market

About

Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.

Listed by David O'such with Cornish & Carey Commercial

Quick Facts

MLS Property Type
Residential Income
Property Subtype
Mixed Use
Status
Active
MLS Number
ML82064622
Year Built
1900
Lot Size
4,895 sq ft
Contact Agent

Vince Allan

DRE Lic. #01421798

Ask a question or request a showing.

Location

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Details

Cooling System
Central Air
Heating System
Central

Lot Size
4,​896 sq ft
Parcel Number
12015082
Roof Type
Composition
Zoning Code
CDC(P)

Water Source
Public

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