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$ 18,000,000
Est. payment | /mo
11,243 SqFt
$ 18,000,000
Est. payment | /mo
11,243 SqFt
Key Details
Property Type Commercial
Sub Type Restaurant
Listing Status Active
Purchase Type For Sale
Square Footage 11,243 sqft
Price per Sqft $1,600
Lot Size 6,151 Sqft
MLS Listing ID ML82024271
Property Description
Luxury Live Auction! Bidding to start from $10,000,000.00! Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sq ft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot. Acclaimed high end restaurant occupies the first floor with a long-term lease. Exquisite timeless design. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless steel counters and shelving; sinks and appliances including multiple ovens, gas burners, fryers, steamers and wok stations. Large walk-in refrigerator and 2 large bathrooms. The second floor has 6,150 sq ft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style with exposed ducts and beams. Remodeled kitchenettes and bathrooms. 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity!
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning CDCGP
Interior
Heating Central Forced Air
Cooling Central AC
1-purchase type For Sale
Exterior
Garage Common Parking Area, On Street, Parking Area, Parking Restrictions
Utilities Available Public Utilities
Roof Type Other
Present Use Business/Professional,Commercial,Food Service,Mixed,Office
Building
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Story 2
Others
Restrictions Other
Tax ID 120-15-085
Security Features Other
Special Sale Not Applicable
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Listed by Annie Watson of Coldwell Banker Realty
Bought with Annie Watson of Coldwell Banker Realty
Bought with Annie Watson of Coldwell Banker Realty
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