Palo Alto, CA 94301
$3,750,000
No photos available
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Bed
1
Bath
1
Living Space
1,020 SqFt
Year Built
1923
Lot Size
7,150 SqFt
Day
1
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.
Listing provided courtesy ofJulie Tsai Law License 01339682 Compass
Data provided by MLSListings Inc.
Sunday, August 30
9:00 PM – 11:30 PM
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle School (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of 246 Palo Alto Avenue, several parks and recreational areas are available. These include El Palo Alto Park, which runs along San Francisquito Creek and features a lighted walking/cycling path. Additionally, Cornelis Bol Park offers a playground, open grassy areas, and walking/biking trails. Foothills Nature Preserve, a large area with hiking trails, a lake, and picnic sites, is also accessible.
The property is located in Palo Alto, a city known as the "Birthplace of Silicon Valley". Palo Alto's character is defined by a blend of business and residential areas, with a vibrant downtown. The city features tree-lined streets and historic buildings, reflecting its California heritage, while also being a global center for technological innovation. Local businesses include a variety of restaurants such as The Creamery (American cuisine), Reposado (Mexican), Saint Michael's Alley (California cuisine), and Il Fornaio (Italian).
246 Palo Alto Avenue has a Walk Score of 79/100 and a Transit Score of 57/100. This indicates that most errands can be accomplished on foot and there are many nearby public transit options. Public transit options include the Caltrain system, with stops in Palo Alto at the Palo Alto station and California Avenue station. Additionally, Santa Clara Valley Transportation Authority (VTA) buses and the free Stanford Marguerite shuttle bus network serve the area. Palo Alto Link, an on-demand rideshare service, is also available.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle School (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of 246 Palo Alto Avenue, several parks and recreational areas are available. These include El Palo Alto Park, which runs along San Francisquito Creek and features a lighted walking/cycling path. Additionally, Cornelis Bol Park offers a playground, open grassy areas, and walking/biking trails. Foothills Nature Preserve, a large area with hiking trails, a lake, and picnic sites, is also accessible.
The property is located in Palo Alto, a city known as the "Birthplace of Silicon Valley". Palo Alto's character is defined by a blend of business and residential areas, with a vibrant downtown. The city features tree-lined streets and historic buildings, reflecting its California heritage, while also being a global center for technological innovation. Local businesses include a variety of restaurants such as The Creamery (American cuisine), Reposado (Mexican), Saint Michael's Alley (California cuisine), and Il Fornaio (Italian).
246 Palo Alto Avenue has a Walk Score of 79/100 and a Transit Score of 57/100. This indicates that most errands can be accomplished on foot and there are many nearby public transit options. Public transit options include the Caltrain system, with stops in Palo Alto at the Palo Alto station and California Avenue station. Additionally, Santa Clara Valley Transportation Authority (VTA) buses and the free Stanford Marguerite shuttle bus network serve the area. Palo Alto Link, an on-demand rideshare service, is also available.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
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