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$5,999,000
Est. payment /mo
0.28 Acres Lot
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82062892
HOA Y/N No
Lot Size 0.282 Acres
Property Sub-Type Unimproved Land
Property Description
Two adjoining parcels at 3567 and 3585 El Camino Real offered together. Approx. 12,282 SF (0.28 AC) residential development opportunity in south Palo Alto with approx. 120 ft of El Camino Real frontage and rear public alley access. APNs 132-40-061 (6,132 SF) and 132-40-058 (6,150 SF). 3567 El Camino Real is currently improved with an approx. 4,800 SF two-story commercial building (built 1959, per county records); lot sizes per City of Palo Alto parcel reports, buyer to verify. Zoned CN (Neighborhood Commercial). Flexible for for-sale condos/townhomes, rental apartments, mixed-use or live-work. A preliminary Hayes Group Architects feasibility study tested a 4-story, 16-unit for-sale residential concept over partially excavated parking. A qualifying project may be able to use the State Density Bonus Law and SB 330. Close to Stanford Research Park, California Ave, Caltrain and Stanford University. Fee-simple land sale, as-is. Offering Memorandum and feasibility study available upon request.
Location
State CA
County Santa Clara
Zoning CN
Interior
Fireplace No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Palo Alto Unified
Others
Tax ID 13240061
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Listed by Yoga Yang • YJY Investments
NEARBY SCHOOL & BUSINESS
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