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Prime Retail Space on California Avenue
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490 California Avenue, Palo Alto, CA 94306

High-visibility retail space in Palo Alto's coveted commercial district.

Property Size2,780 SF
Days on Market109

Property Features for 490 California Avenue

General Information

Standard status Active
Size 2,780 SF
Property subtype Retail
Listing Agency: CBRE | San Francisco
Listed By: Alex Sagues · License #02055525
Source: Cbre
Added: Apr 15 Changed: Jul 10 Last Checked: Aug 1 at 6:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | San Francisco

Investment Insights

Based on property information with market context.

Located in the heart of Palo Alto's oldest commercial district, 490 California Avenue is situated among world-class innovators and benefits from its proximity to Stanford University. The property has been thoughtfully repositioned to align with the neighborhood's caliber. The area's walkability, strong daily foot traffic, and concentration of cafes, restaurants, and services create a built-in audience. The available ground floor space of 2,780 square feet occupies a hard corner position at the main entry into the district, offering rare visibility and prominence. This location is suitable for businesses seeking a presence in an area where innovation, talent, and lifestyle converge.

Key Highlights

  • Prime location in the heart of Silicon Valley's coveted California Avenue commercial district.
  • High visibility hard corner position at the main entry to California Avenue.
  • Surrounded by world‑class innovators and companies like Tesla and HP.

Property Analytics

Current Use

Club Pilates Gym & Fitness Center Best In Class Education ... Tutoring Service Infoworks.io (Bike/Boat/Book/etc) Store ZipRecruiter Corporate Office Technology Credit Union Credit Union

Suggested Use

Top Pick Pharmacy Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,615
Businesses Nearby

Demographics for 94306, CA

28,659
Population
11,853
Households
2.4
Avg Household Size
41
Median Age
81%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
6,990
Density / Sq Mi
$186,479
Median Household Income
$112,500
Median Earnings
$2,927
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - High-visibility retail space in Palo Alto's coveted commercial district.
Where is this retail space located?
The property is located at 490 California Avenue Palo Alto, CA.
What are key features of this property?
This property features: Prime location in the heart of Silicon Valley's coveted California Avenue commercial district.; High visibility hard corner position at the main entry to California Avenue.; Surrounded by world‑class innovators and companies like Tesla and HP.
More about this property
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