640 Waverley Street,Palo Alto, CA 94301
Palo Alto, CA 94301
Description
This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
Details
| MLS # | ML82051028 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 71 |
| Listing Provided By | eXp Realty of Northern California, Inc. | Frank De Bernardo |
Features
| SQ Feet | 1,012 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Zoning | CDC |
| Acreage | 0.12 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94301 |
| Area | 699 Not Defined |
| Listing VS Median (in 94301) | |
Price: $12,500,000 low | high Med: $3,425,000 sqft: 1,012 low | high Med: 2,918 $ / sqft: $12,352 low | high Med: $1,193 On site: 71 low | high Med: 64 | |
Market Activity 94301
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94301 |
| Area | 699 Not Defined |
| Listing VS Median (in 94301) | |
Price: $12,500,000 low | high Med: $3,425,000 sqft: 1,012 low | high Med: 2,918 $ / sqft: $12,352 low | high Med: $1,193 On site: 71 low | high Med: 64 | |