Palo Alto, CA 94301
$12,500,000
Bed
0
Bath
0
Living Space
N/A SqFt
Year Built
2026
Lot Size
5,250 SqFt
Days
77
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.
Listing provided courtesy ofFrank De Bernardo License 01211552 eXp Realty of Northern California, Inc.
Data provided by MLSListings Inc.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified
Johnson Park is a 2.5-acre neighborhood park located just north of downtown Palo Alto, offering picnic tables, basketball courts, and walking and bicycle trails. Heritage Park, located at Homer Avenue and Waverly Street, is a 2.01-acre park with open grass areas.
The property at 640 Waverley Street is located in the University South neighborhood of Palo Alto. This area is characterized by its proximity to downtown amenities, including shops and restaurants along University Avenue. The neighborhood also features a mix of residential and commercial properties, with recent developments including mixed-use buildings.
This location has a Walk Score of 58 out of 100, indicating it is somewhat walkable, meaning some errands can be accomplished on foot. The Transit Score is 30 out of 100, suggesting some transit is available with a few nearby public transportation options. Nearby transit includes bus lines such as the 21 Stanford Shopping Ctr - Santa Clara TC, and Caltrain rail lines are accessible within approximately 0.9 to 1.2 miles.
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 (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified
Johnson Park is a 2.5-acre neighborhood park located just north of downtown Palo Alto, offering picnic tables, basketball courts, and walking and bicycle trails. Heritage Park, located at Homer Avenue and Waverly Street, is a 2.01-acre park with open grass areas.
The property at 640 Waverley Street is located in the University South neighborhood of Palo Alto. This area is characterized by its proximity to downtown amenities, including shops and restaurants along University Avenue. The neighborhood also features a mix of residential and commercial properties, with recent developments including mixed-use buildings.
This location has a Walk Score of 58 out of 100, indicating it is somewhat walkable, meaning some errands can be accomplished on foot. The Transit Score is 30 out of 100, suggesting some transit is available with a few nearby public transportation options. Nearby transit includes bus lines such as the 21 Stanford Shopping Ctr - Santa Clara TC, and Caltrain rail lines are accessible within approximately 0.9 to 1.2 miles.
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.
