Palo Alto, CA 94301
$12,500,000
Bed
0
Bath
0
Living Space
N/A SqFt
Year Built
N/A
Lot Size
N/A
Days
70
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.
- Addison Elementary (Elementary) - GreatSchools rating 9/10 - Greene Middle (Middle) - GreatSchools rating 8/10 - Palo Alto High (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Johnson Park is a 2.5-acre neighborhood park located at 268 Waverley Street that features basketball courts, bicycle and walking trails, and a playground. Additionally, Heritage Park is situated at the intersection of Homer Avenue and Waverley Street, offering 2.01 acres of open grass space.
The area surrounding Waverley Street is located in close proximity to Downtown Palo Alto, characterized by its historic architecture and mature foliage. The neighborhood features local landmarks such as the Gamble Garden and provides immediate access to the dining, entertainment, and commercial establishments of the downtown district.
The area is highly accessible, with a Walk Score of 91/100 and a Transit Score of 51/100. Public transit options include the regional Caltrain system, which serves the nearby Palo Alto station, as well as the Stanford Marguerite shuttle, Santa Clara Valley Transportation Authority (VTA) buses, and various local rideshare services.
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 9/10 - Greene Middle (Middle) - GreatSchools rating 8/10 - Palo Alto High (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Johnson Park is a 2.5-acre neighborhood park located at 268 Waverley Street that features basketball courts, bicycle and walking trails, and a playground. Additionally, Heritage Park is situated at the intersection of Homer Avenue and Waverley Street, offering 2.01 acres of open grass space.
The area surrounding Waverley Street is located in close proximity to Downtown Palo Alto, characterized by its historic architecture and mature foliage. The neighborhood features local landmarks such as the Gamble Garden and provides immediate access to the dining, entertainment, and commercial establishments of the downtown district.
The area is highly accessible, with a Walk Score of 91/100 and a Transit Score of 51/100. Public transit options include the regional Caltrain system, which serves the nearby Palo Alto station, as well as the Stanford Marguerite shuttle, Santa Clara Valley Transportation Authority (VTA) buses, and various local rideshare services.
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.