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Joel Martinez

realjoel@realagentmove.com +1(831) 230-0059

$21,999,000

Est. payment - /mo

11,243 SqFt

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UPDATED:

12/13/2024 02:23 AM

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 11,243 sqft

Price per Sqft $1,956

MLS Listing ID ML81987991

Year Built 1938

Lot Size 6,151 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 Downtown Palo Alto

Zoning CDCGP

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features On Street

Utilities Available Public Utilities

Roof Type Other

Present Use Business/Professional,Food Service

Building

Story 2

Foundation Concrete Slab, Other

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Restrictions Other

Tax ID 120-15-085

Security Features Other

Special Listing Condition Not Applicable

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Listed by Annie Watson • Coldwell Banker Realty

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Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

558-560 Waverley ST Palo Alto, CA 94301

Joel Martinez

Key Details

Location

Interior

Exterior

Building

Others

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