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… Read More 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. Read Less
Courtesy of eXp Realty of Northern California, Inc., Frank De Bernardo 831-901-2324
Listing Snapshot
Days Online
1
Last Updated
Property Type
Commercial Property
Square Ft.
1,012
Lot Size
0.12 Acres
Year Built
2026
MLS Number
ML82051028
30 Days Snapshot Of 94301
$6.81M
+13%
(avg) sold price
19
-5%
homes sold
32
+100%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5250.00, Max Area Units: Square Feet, 0 yard square feet, Lot is 0.12052341597796 acres
Accessibility Features
Elevator / Lift, Wheelchair Access
Building
1,012 structure square feet, 12,857 net leasable square feet, 0 warehouse square feet, Built in 2026, 1 building, Age: 0, 4 minimum units in complex, Business type: Office Building
Cooling
Central AC
Foundation
Permanent
Garage
Attached Garage
Water Features
Individual Water Meter
Heating
Central Forced Air
Interior Features
Minimum ceiling height: 15
Tenant Pays
Other
Miscellaneous
Total expenses: 0
Property
Zoning: CDC
Roof
Other
Security Features
Controlled / Secured Access
Taxes
Annual tax amount: $0
Utilities
Public Utilities, Separate Other
Sewer
Sewer - Public
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