Palo Alto, CA 94301
$12,500,000
Beds
7
Baths
7
Living Space
10,603 SqFt
Year Built
2026
Lot Size
5,250 SqFt
Days
64
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 (Elementary) - GreatSchools rating Not listed - Walter Hays Elementary (Elementary) - GreatSchools rating Not listed - Castilleja School (Elementary) - GreatSchools rating Not listed School District: Palo Alto Unified School District
Within a 1-2 mile radius of 640 Waverley Street, several parks are available. Heritage Park, located at Homer Avenue and Waverly Street, offers an open grass area and a children's playground. Johnson Park, at 268 Waverly St, is a 2.5-acre neighborhood park with picnic tables, basketball courts, and playgrounds. El Palo Alto Park, situated at Alma St & Palo Alto Ave, features the city's namesake Coast Redwood tree.
The property at 640 Waverley Street is located in Downtown Palo Alto, a highly sought-after area in Silicon Valley. This neighborhood is characterized by its vibrant commercial activity, with proximity to University Avenue, a main thoroughfare known for its shops and restaurants. The area is also noted for its architectural appeal, with new developments integrating modern design with the existing urban fabric.
640 Waverley Street has a Walk Score of 98 out of 100, indicating a "Walker's Paradise" where most errands can be accomplished on foot. The Transit Score is 54 out of 100, signifying "Good Transit" with several nearby public transportation options. Caltrain stations are accessible, with local and limited rail lines available within approximately 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 (Elementary) - GreatSchools rating Not listed - Walter Hays Elementary (Elementary) - GreatSchools rating Not listed - Castilleja School (Elementary) - GreatSchools rating Not listed School District: Palo Alto Unified School District
Within a 1-2 mile radius of 640 Waverley Street, several parks are available. Heritage Park, located at Homer Avenue and Waverly Street, offers an open grass area and a children's playground. Johnson Park, at 268 Waverly St, is a 2.5-acre neighborhood park with picnic tables, basketball courts, and playgrounds. El Palo Alto Park, situated at Alma St & Palo Alto Ave, features the city's namesake Coast Redwood tree.
The property at 640 Waverley Street is located in Downtown Palo Alto, a highly sought-after area in Silicon Valley. This neighborhood is characterized by its vibrant commercial activity, with proximity to University Avenue, a main thoroughfare known for its shops and restaurants. The area is also noted for its architectural appeal, with new developments integrating modern design with the existing urban fabric.
640 Waverley Street has a Walk Score of 98 out of 100, indicating a "Walker's Paradise" where most errands can be accomplished on foot. The Transit Score is 54 out of 100, signifying "Good Transit" with several nearby public transportation options. Caltrain stations are accessible, with local and limited rail lines available within approximately 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.