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
124
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.
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- 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 640 Waverley Street, several parks offer recreational opportunities. Rinconada Park, a 19-acre park, features a community swimming pool, tennis courts, and playgrounds. Heritage Park, located at Homer Avenue and Waverly Street, is Palo Alto's newest park at 2.01 acres. Mitchell Park, a larger 21.4-acre park, includes amenities such as shuffleboard courts, tennis courts, picnic areas, and playgrounds.
The property at 640 Waverley Street is located in the University South neighborhood of Palo Alto. Palo Alto is recognized as a global leader in technology, hosting headquarters for major tech companies and serving as an incubator for numerous startups. The city offers a vibrant, walkable downtown area with high-end boutiques and restaurants, alongside a strong emphasis on preserving its parkland and open spaces.
640 Waverley Street has a Walk Score of 98 out of 100, indicating a "Walker's Paradise" where daily errands do not require a car. The Transit Score is 54 out of 100, signifying "Good Transit" with multiple nearby public transportation options. Nearby transit includes the Caltrain at California Avenue station, with Local Weekend, Local Weekday, and Limited rail lines available within 0.6 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 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 640 Waverley Street, several parks offer recreational opportunities. Rinconada Park, a 19-acre park, features a community swimming pool, tennis courts, and playgrounds. Heritage Park, located at Homer Avenue and Waverly Street, is Palo Alto's newest park at 2.01 acres. Mitchell Park, a larger 21.4-acre park, includes amenities such as shuffleboard courts, tennis courts, picnic areas, and playgrounds.
The property at 640 Waverley Street is located in the University South neighborhood of Palo Alto. Palo Alto is recognized as a global leader in technology, hosting headquarters for major tech companies and serving as an incubator for numerous startups. The city offers a vibrant, walkable downtown area with high-end boutiques and restaurants, alongside a strong emphasis on preserving its parkland and open spaces.
640 Waverley Street has a Walk Score of 98 out of 100, indicating a "Walker's Paradise" where daily errands do not require a car. The Transit Score is 54 out of 100, signifying "Good Transit" with multiple nearby public transportation options. Nearby transit includes the Caltrain at California Avenue station, with Local Weekend, Local Weekday, and Limited rail lines available within 0.6 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.