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$12,500,000
Est. payment /mo
5,248 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82051028
HOA Y/N No
Year Built 2026
Lot Size 5,248 Sqft
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CDC
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Other
Building
Story 1
Others
Tax ID 1201602300
Virtual Tour https://player.vimeo.com/video/1192643528
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Listed by Frank De Bernardo eXp Realty of Northern California, Inc. #01211552
NEARBY SCHOOL & BUSINESS
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