558-560 Waverley St Palo Alto, CA 94301

This well-maintained, two-story mixed-use building is located in Downtown Palo Alto, steps away from University Avenue. The property features 12,300 sq ft of space with 50 ft of frontage on Waverley Street, situated in the heart of the Palo Alto Commercial District and conveniently adjacent to a large public parking lot. The first floor is occupied by an acclaimed high-end restaurant with a long-term lease. The restaurant features a timeless design with a 168 seating capacity, a full bar with a stone countertop, and a wine wall. The expansive, modern professional kitchen spans over 2,000 sq ft and includes all stainless steel counters and shelving, sinks, multiple ovens, gas burners, fryers, steamers, and wok stations, as well as a large walk-in refrigerator and two large bathrooms. The second floor offers 6,150 sq ft of office space with a separate entrance. This space was recently remodeled with wide-plank floors, high ceilings, and a modern industrial style featuring exposed ducts and beams. It includes remodeled kitchenettes and bathrooms, five enclosed rooms suitable for offices or meetings, and a wide-open concept workspace with natural light throughout. Stairwells are located at the front and back of the building.