246 Palo Alto AVE, Palo Alto, CA 94301
- $3,750,000
- 1
- BD
- 1
- BA
- 1,020
- SqFt
Listed by Julie Tsai Law, 650-799-8888 from Compass
(If provided) CoList: from
- List Price
- $3,750,000
- MLS#
- ML82059476
- Status
- ACTIVE
- Bedrooms
- 1
- Total Bathrooms
- 1
- Full Bathrooms
- 1
- Sqft. of Residence
- 1,020
- Lot Size
- 7,150
- Listing Area
- Downtown Palo Alto
- Year Built
- 1923
Property Description
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.
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Additional Information
- Acres
- 0.16
- Bathroom Features
- Shower and Tub
- Cooling System
- None
- Family Room
- Separate Family Room
- Fence
- Wood
- Fireplace Description
- Wood Burning
- Floor Covering
- Vinyl / Linoleum, Hardwood
- Foundation
- Concrete Perimeter
- Garage Parking
- Detached Garage
- Heating System
- Other
- Laundry Facilities
- Washer / Dryer, Inside
- Living Area
- 1,020
- Lot Size
- 7,150
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Zoning
- R1
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