Downtown Palo Alto Mixed-Use
For Sale
$4,988,000
235 Alma Street, Palo Alto, CA 94301
Updated buildings in downtown Palo Alto with redevelopment potential.
Property Size2,560 SF
Price / SF$1,948
Days on Market198
Property Features for 235 Alma Street
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Commercial
Amenities
Central air
Detached Garage
Central Forced Air - Gas Cooling
Central Forced Air Heating
Composition Roof
Fireplace Heating
Foam Roof
Building Details
Year Built
1904
Listing Agency:
ZANE MACGREGOR
(650) 324-9900
Listed By:
STEVE NIETHAMMER
Source:
Corcoran
Added: Feb 18
Changed: Sep 2
Last Checked: Sep 4 at 7:08AM
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 ZANE MACGREGOR
Investment Insights
Based on property information with market context.
Two recently updated buildings are available in downtown Palo Alto. The properties are zoned CD-N, which allows for a variety of uses, including residential, office, retail, personal services such as a fitness center, or a mix of uses. The front house has 2560 square feet and includes 3 bedrooms or offices, including an open lower level with 955 square feet that can accommodate a variety of personal or commercial uses. The rear building has 1380 square feet and features brick cladding, a high bay clear space with skylights, a wall of glass, and a glass roll-up door, providing an open canvas. An inviting landscape embraces the buildings. The location allows for walking to downtown amenities. Refer to SB 79 for high-density redevelopment potential.
Key Highlights
- Prime downtown Palo Alto location with walkability to amenities.
- CD‑N zoning allows for a wide range of uses: residential, office, retail, and more.
- Two updated buildings totaling 3940 sq ft.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 94301, CA
17,299
Population
8,220
Households
2.1
Avg Household Size
44
Median Age
83%
College-Educated
96%
High-School Grad
2.4 sq mi
ZIP Area
7,208
Density / Sq Mi
$235,529
Median Household Income
$136,514
Median Earnings
$3,290
Median Rent
$2,000,001
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated buildings in downtown Palo Alto with redevelopment potential.
Where is this mixed-use property located?
The property is located at 235 Alma Street Palo Alto, CA.
What is the asking price?
The asking price for this property is $4,988,000.
What are key features of this property?
This property features: Prime downtown Palo Alto location with walkability to amenities.; CD‑N zoning allows for a wide range of uses: residential, office, retail, and more.; Two updated buildings totaling 3940 sq ft.
