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SURE Real Estate
510 Waverley Street, Palo Alto, CA 94301
- $3,450,000
- 2,570
- SqFt
- List Price
- $3,450,000
- Status
- ACTIVE
- MLS#
- ML82064622
- Year Built
- 1900
- Living Sq. Ft
- 2,570
- Lot Size
- 4,895
- Acres
- 0.11
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property 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.
Additional Information
- Taxes
- $5,194
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- Palo Alto Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $144,945
Listing courtesy of Listing Agent: David O'such (david.osuch@nmrk.com) from Listing Office: Cornish & Carey Commercial.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.