Palo Alto CA Real Estate & Commercial for Sale

Intero Commercial is pleased to present this Retail / Office building on El Camino Real in Palo Alto, CA. Excellent frontage of over 115 ft on El Camino Real. Potential for Re-development (buyer to verify from the city). Seller can lease back the premises at market rate until the buyer completes the entitlement process (Optional). Investment Highlights Retail & Office - flexible use Excellent frontage of over 115 ft on El Camino Real Palo Alto location Zoned: CN - Redevelopment potential (buyer to verify from the city) Prior uses: Art school, Sports bar (multiple uses possible) Excellent value add opportunity - perfect single tenant net lease opportunity. Potential uses (Buyer to verify from the city): 1) Retail and / or office 2) Restaurant use 3) Medical office use 4) Start-up office 5) Drive-thru QSR use

Rare opportunity to own this BEST value and flat lot in Palo Alto! The proposed mix-used building was beautifully designed by award winning architect Bellomo Architects in Palo Alto. The design was approved by the city. Total building size is 7,015 SF. It includes 3 stories: 2,594 SF commercial (two offices), and 4,421 SF residential (One 2-bedrm 2-bath unit on 2nd floor; One 2-bedrm 2-bath unit and One 1-bedrm 1 bathrm unit on the top floor). Total 15 car parkings and 5 bike parkings. Zoning CN. 2 miles to Stanford University. 3 miles to Palo Alto Downtown.