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Multi-Use Office and Retail Suite

353 University AVE Palo Alto, CA 94301

353 University AVE, Palo Alto, CA, 94301
$21,851,367/Mo
For Lease
Claim this Listing
$43,601 SF/Yr $21,851,367/Mo (calc)

COMMERCIAL - PALO ALTO, CA

Property Size6,014 SF
Lot Size0.14 Acres
AddedMar 29
Days on Market109
Last RefreshJul 15 at 6:06 pm

Property Features for 353 University AVE

General Information

Property type
Commercial Lease
Property subtype
Other
Zoning
Commercial
Parking features
Offsite
Standard status
Active
Lot size
0.14 Acres

Utilities

Cooling system
Central Air

Building Details

Year built
1972
Roof type
Tar/Gravel

Listing agent Rajendra Naidoo License #01160416

Listing office Tavena Realty Group 6197 Gerdts Drive, Woodside, CA

Listing date Mar 29, 2026

MLS# ML82019216

Copyright © 2026 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.


Investment Insights

Based on property information with market context.

Located at 353 University Ave in downtown Palo Alto, this multi-use commercial suite totals over 6,014 sq. ft. It includes five offices, a large main area, and two restrooms, providing a practical layout for tenant organizations that need both private workspace and an open operating floor. The property is zoned Commercial.

The suite is positioned on University Avenue near Florence, surrounded by a mix of well-known retailers and dining options. Nearby businesses listed include an Apple Store, Brandy Melville, Salt & Straw, CVS Pharmacy, Crepevine, The RealReal, Rooh, IL Fornaio, and Chico’s Pizza My Heart, along with other local retail.

The configuration supports a variety of professional and public-facing uses, including high-tech offices, retail, restaurant concepts, and financial services, as indicated by the current marketing materials. With multiple offices plus a sizeable main area, it can accommodate teams that require separate rooms while maintaining a dedicated customer or client-facing space. The downtown setting is also close to Stanford University, medical uses, and Palo Alto City Hall.

Key Highlights

  • Prime downtown Palo Alto location on University Avenue and Florence.
  • High foot traffic area.
  • Versatile 6,014 sq. ft. unit suitable for various businesses.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medallion Rug Gallery (Bike/Boat/Book/etc) Store

Suggested Use

Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Storage Facility Barber Shop HVAC Service Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) Store Electrical Service

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

FAQs

What type of property is this?
Office units - Flexible suite with two restrooms, five offices, and a large main area for office, retail, or restaurant concepts.
Where is this office units located?
The property is located at 353 University AVE Palo Alto, CA.
What is the lease rate?
The lease rate is $43,601.
What are key features of this property?
This property features: Prime downtown Palo Alto location on University Avenue and Florence.; High foot traffic area.; Versatile 6,014 sq. ft. unit suitable for various businesses.
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