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640 Waverley ST
$12,500,000
640 Waverley ST, Palo Alto, CA, 94301
Listing courtesy of Frank De Bernardo, eXp Realty of Northern California, Inc.
Listing broker contact: 831-901-2324 · frank.portfolio46@gmail.com
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.
Listing details
- MLS #
- ML82048326
- Status
- Active
- Property type
- OtherCommercialLand
- Lot size
- 5,277 sqft
- List price
- $12,500,000
- List date
- 2026-05-22
- Listing agent
- Frank De Bernardo
- Listing office
- eXp Realty of Northern California, Inc.
