558560 Waverley Street

Palo Alto, CA 94301

$21,999,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1938

calendar_month Built

Property Description

Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sqft 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 restaurant occupies the first floor with a long-term lease. Exquisite traditional design with timeless trim work, moldings and paneling, recessed lighting, and sliding panels to create more intimate spaces for private dining. 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 workstations. Large walk-in refrigerator and 2 large bathrooms.The second floor has 6,150 sqft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style. Remodeled kitchenette. Contemporary bathrooms with 3 stalls and elegant white, textured tiles. Blend of 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Abundance of natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity!

Listing Information

List Price $21,999,000
Status Active
MLS ML81987991
HOA $0
Type Commercial
Year Built 1938
Lot Size 6,151
Structure Size N/A
DOM 4
Courtesy Of Coldwell Banker Realty
Listing Agent Annie Watson DRE#01964881

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Annie Watson, Coldwell Banker Realty 650-862-5506. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 9th, 2024 at 2:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.