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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Frank De Bernardo, DRE #01211552 • eXp Realty of Northern California, Inc.

$ 12,500,000

Est. payment | -/mo

1,012 SqFt

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$ 12,500,000

Est. payment | -/mo

Save Virtual Tour

1,012 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 1,012 sqft

Price per Sqft $12,351

MLS Listing ID ML82051028

Year Built 2026

Lot Size 5,250 Sqft

Property Sub-Type Commercial Property

Source MLSListings, Inc.

Property Description

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.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning CDC

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features Attached Garage

Utilities Available Public Utilities

Roof Type Other

Building

Foundation Permanent

Sewer Sewer - Public

Water Individual Water Meter

Others

Tax ID 120-16-023-00

Special Listing Condition Not Applicable

Virtual Tour https://player.vimeo.com/video/1192643528

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

640 Waverley ST Palo Alto, CA 94301