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Active MLS ML82064622

510 Waverley ST

$3,450,000

510 Waverley ST, Palo Alto, CA, 94301

2,570 sqft

Listing courtesy of David O'such, Cornish & Carey Commercial
Listing broker contact: 650-465-1100 · david.osuch@nmrk.com

Description

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 details

MLS #
ML82064622
Status
Active
Property type
ResidentialIncome
Living area
2,570 sqft
Lot size
4,895 sqft
Year built
1900
Garage
0
List price
$3,450,000
List date
2026-10-14
Listing agent
David O'such
Listing office
Cornish & Carey Commercial

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