640 Waverley ST, Palo Alto, CA 94301
- $12,500,000
- List Price
- $12,500,000
- MLS#
- ML82048326
- Status
- ACTIVE
- Property Type
- com
- Lot Size
- 5,277
- Listing Area
- Downtown Palo Alto
Property Description
This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
Additional Information
- Development Status
- Approved Building Plan
- Fence
- Partial Fencing
- Lot Description
- Grade - Level, Regular
- Lot Size
- 5,277
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Parcel Access
- Accessible
- Present Use
- Residential
- Sewer
- Sewer - Public
- Zoning
- CDC
Mortgage Calculator
Listing courtesy of Frank De Bernardo from eXp Realty of Northern California, Inc.. 831-901-2324
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