Listing Agent: Julie Tsai Law Broker/Office: Compass
246 Palo Alto Avenue Palo Alto CA 94301
$ 3,750,000
1
| 1
| 1020 Sq Feet
Listing ID
#ML82059476
Status
Active
Property Type
Single Family Residence
County
Santa Clara
Year Built
1923
Days on website
3
Description
RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.
Financial Information
List Price:
$ 3750000
Property Features
Appliances:
Refrigerator
Fencing:
Wood
Flooring:
Wood
High School:
Palo Alto
High School District:
Palo Alto Unified
Middle Or Junior School:
Other
Roof:
Composition
Water Source:
Public
High School:
Palo Alto
Middle Or Junior School:
Other
High School District:
Palo Alto Unified
MLS Area Major:
699 - Not Defined
City:
Palo Alto
Listed By:
Julie Tsai Law
Compass
CA Lic#
CA Lic#