824 San Antonio Road, Palo Alto, CA 94303
List Price: $25M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: BusinessOpportunity
Lot Size: 19,412 sq ft
MLS Number: ML82049702
About This Property
Rare opportunity involving VeRa, a proposed boutique luxury Continuing Care Retirement Community (CCRC) in Palo Alto, California. Fully entitled 27-residence community designed to serve affluent seniors seeking a personalized, hospitality-driven environment with continuity of care. Planned community includes Independent Living and Assisted Living residences, ground-floor commercial space, and a purpose-built luxury senior living facility in one of the most affluent and supply-constrained senior housing markets in the United States. Ownership is seeking an experienced senior living operator, healthcare-related group, hospitality-oriented organization, or other qualified strategic participant for up to approximately 45% participation in the operating business platform. Entitlements approved and permitting in process. Significant barriers to entry, strong demographic fundamentals, and luxury positioning create a unique opportunity within the senior housing sector. Confidentiality agreement required for access to detailed information.
Listing provided by: Ken Kho DRE #01759705 510-744-3500 ken@kho.net, Legacy Real Estate & Associates
Source: CRMLS, MLS #: ML82049702
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