Rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Approved for a boutique luxury senior living community comprising 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 3,000 square feet of ground-floor… Read More commercial space. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction. Ideally situated near Stanford University and Stanford Health Care, with convenient access to the region's premier medical, research, and technology institutions. Located in one of the nation's most affluent and supply-constrained senior housing markets, where opportunities for new senior living development are exceptionally limited. Strong demographic fundamentals and significant barriers to entry create a compelling long-term investment opportunity. Ideal for senior housing developers, healthcare organizations, family offices, institutional investors, or other qualified buyers seeking a premier development opportunity. Confidentiality agreement required for access to detailed information. Read Less
Courtesy of Legacy Real Estate & Associates, Ken Kho 510-396-5408
Listing Snapshot
Days Online
0
Last Updated
Property Type
Commercial Property
Square Ft.
8,370
Lot Size
0.45 Acres
Year Built
1986
MLS Number
ML82055961
30 Days Snapshot Of 94303
$2.27M
-16%
(avg) sold price
18
+20%
homes sold
33
+83%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 19412.00, Max Area Units: Square Feet, 13,000 yard square feet, Lot is 0.44563820018365 acres
Accessibility Features
Parking
Building
8,370 structure square feet, 8,676 net leasable square feet, 0 warehouse square feet, Built in 1986, Age: 40
Cooling
Central AC, Multi-Zone
Foundation
Concrete Slab
Garage
Common Parking Area, Parking Area
Water Features
Public
Heating
Central Forced Air
Interior Features
Minimum ceiling height: 20
Tenant Pays
Other
Miscellaneous
Total expenses: 0
Parking
21 parking spaces
Property
Zoning: CS
Roof
Other
Security Features
Other
Taxes
Annual tax amount: $0
Utilities
Public Utilities, Master Electric, Master Gas, Master Water
Sewer
Sewer - Public
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