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    353 University Ave Palo Alto, CA 94301

    For Lease
    $43,601

    Commercial Lease - PALO ALTO, CA

    Property size:
    6,014 SF
    Lot size:
    0.14 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 353 University Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Interior features
    Wheelchair Access, None
    Accessibility
    Accessible Approach with Ramp
    Size
    6,014 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Rajendra Naidoo (650) 758-8695 [email protected]

    Listing agent Rajendra Naidoo (650) 758-8695 License #01160416

    Listing date Aug 27, 2025

    MLS# ML82019216 Listing URL

    Copyright © 2025 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Palo Alto Commercial Space

    Located in downtown Palo Alto on University Avenue and Florence, this commercial space offers 6,014 square feet suitable for high-tech offices, retail, restaurants, and financial services. The unit benefits from excellent foot traffic and is situated near the Apple Store, Brandy Melville, Salt & Straw, CVS Pharmacy, Crepevine, The RealReal, Rooh, IL Fornaio, and Chico's Pizza My Heart. The location is also close to Stanford University and Medical, as well as Palo Alto City Hall. The unit includes two restrooms, five offices, and a large main area. The lot size is 0.1381 acres.
    Location Intelligence

    Current Use by Public Records

    Medallion Rug Gallery Rug Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palo Alto
    County
    Santa Clara
    State
    California
    Longitude
    -122.1611135
    Latitude
    37.446719

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    FAQs

    What type of property is this?
    Retail space - Downtown Palo Alto retail/office/restaurant space with high foot traffic.
    Where is this retail space located?
    The property is located at 353 University Ave Palo Alto, CA.
    What are key features of this property?
    This property features: - Prime downtown Palo Alto location on University Avenue and Florence.; - High foot traffic area.; - Suitable for various uses: high tech offices, retail, restaurant, financial services, etc.
    (650) 758-8695
    Request Owner's contact information
    353 University Ave Palo Alto, CA 94301
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    Palo Alto, CA 94301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    353 University Ave Palo Alto, CA 94301
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