Listing Agent: Frank De Bernardo      Broker/Office: eXp Realty of Northern California, Inc.
640 Waverley Street Palo Alto CA 94301
$ 12,500,000
  7   |    6 Full  1 Half   |    10603 Sq Feet

Listing ID

#ML82057145

Status

Active

County

Santa Clara

Year Built

2026

Days on website

11

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
Financial Information
List Price:  $ 12500000
Property Features
Foundation Details:  Permanent
Heating:  Central
High School District:  Palo Alto Unified
Roof:  Other
High School District:  Palo Alto Unified
MLS Area Major:  699 - Not Defined
City:  Palo Alto
Listed By:   Frank De Bernardo   eXp Realty of Northern California, Inc. 
CA Lic#