246 Palo Alto Avenue, Palo Alto, CA 94301
List Price: $3.75M
Listing Status: Active
0Days on Market: 0
1 Bedroom · 1 Bathroom · 1,020 sq ft
Property Type: Residential
Year Built: 1923
Lot Size: 7,150 sq ft
Garage Spaces: 1
MLS Number: ML82059476
About This Property
RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.
Listing provided by: Julie Tsai Law DRE #01339682 (650) 323-1111 julie@julietsailaw.com, Compass
Source: CRMLS, MLS #: ML82059476
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.