| 246 Palo Alto Avenue Palo Alto CA 94301 | |
| Price | $ 3,750,000 |
| Listing ID | ML82059476 |
| Status | Active |
| Property Type | Single Family Residence |
| County | Santa Clara |
| Beds | 1 |
| Baths | 1 |
| House Size | 1020 |
| Year Built | 1923 |
| Days on website | 4 |
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#
