Land Only, Palo Alto, CA 94301

$4,800,000
List Price
$4,800,000
MLS#
ML81843788
Status
ACTIVE
Lot Size
12,000
Listing Area
Stanford

Property Description

Exclusively listed by J. Robert Taylor/Taylor Properties. Offering two infill parcels adjacent to Town & Country Village Shopping Center in Palo Alto. Parcels are currently leased for parking as by Town & Country Village and was developed as a parking lot by the operator. Unique opportunity to develop a key piece of land in an outstanding location. Located midway down on the south side of Encina Avenue which runs between El Camino Real and ends at the Cal Train tracks, this property is across the street from Palo Alto Medical Foundations main campus in Palo Alto. It is a short 5 minute walk to the Cal Train station at University Avenue and is a short difference from the two main entrances to the Stanford University Campus. The close proximity to Stanford Research Park, and Stanford Hospital, Downtown Palo Alto is one of the most prestigious locations in the Bay Area. Current short term NNN lease in place providing revenue during development phase.

Additional Information

Acres
0.2755
Development Status
Other - Call Listing Agent
Fence
None
Lot Description
Paved
Lot Size
12,000
Neighborhood
Stanford
Other Utilities
Electricity - Available at Street
Parcel Access
Accessible
Present Use
Other
Sewer
Sewer Available
Unincorporated Yn
Yes
Zoning
CC

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Robert Taylor from Taylor Properties

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