510 Waverley Street, Palo Alto, CA 94301
List Price: $3.45M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 2,570 sq ft
Property Type: ResidentialIncome
Year Built: 1900
Lot Size: 4,895 sq ft
Annual Property Tax: $5,194
MLS Number: ML82064622
About This Property
Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.
Listing provided by: David O'such DRE #01033820 4087279600 david.osuch@nmrk.com, Cornish & Carey Commercial
Source: CRMLS, MLS #: ML82064622
The listing office is Cornish & Carey Commercial. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.