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Mixed-Use Space with Offices
For Lease
$43,601

353 University Avenue, Palo Alto, CA 94301

CommercialLease, PaloAlto, CA

Space Size6,014 SF
Lot Size0.14 Acres
Days on Market430

Property Features for 353 University Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning Commercial
Accessibility Accessible Approach with Ramp
Directions Downtown Palo Alto across from the Apple Store and cross street University and Florence Street.
Subdivision DowntownPaloAlto
Standard status Active
APN 120-15-045
Size 6,014 SF
Lot size 0.14 Acres

Utilities

Sewer type Public Sewer
Cooling system Central Air

Building Details

Year built 1972
Floors in Building 1
Roof type Tar/Gravel
Listing Agency: Tavena Realty Group
Listed By: Rajendra Naidoo · License #01160416
Added: Aug 25, 2025 Changed: Oct 21 Last Checked: Oct 28 at 6:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

The 6,014-square-foot commercial space at 353 University Avenue includes five offices, a large main area, and two restrooms. Central air conditioning and an accessible approach with ramp are among the building features. The property was built in 1972 and has Commercial zoning.

At University Avenue and Florence, the space is next to businesses including Apple Store, Brandy Melville, Salt & Straw, CVS Pharmacy, Crepevine, The RealReal, Rooh, Il Fornaio, Chico's, and Pizza My Heart. Stanford University and Medical and Palo Alto City Hall are nearby.

Key Highlights

  • 6,014‑square‑foot mixed‑use space
  • Five offices, a large main area, and two restrooms
  • Commercial zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Storage Facility Barber Shop HVAC Service

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

6,043
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned premises offer a broad central area, multiple private rooms, and two restrooms.
Where is this mixed-use property located?
The property is located at 353 University Avenue Palo Alto, CA.
What is the lease rate?
The lease rate is $43,601.
What are key features of this property?
This property features: 6,014‑square‑foot mixed‑use space; Five offices, a large main area, and two restrooms; Commercial zoning
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