Commercial Land with Mixed-Use
For Sale
Contact for pricing
40 Main St, Los Altos, CA 94022
Downtown Los Altos development site with approvals for residential units and ground-floor commercial space.
Property SizeContact for details
Days on Market142
Property Features for 40 Main St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
JOEL Commercial - Idaho
Listed By:
Ann Marie Joel · License #LC59464
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 29 at 7:44PM
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 JOEL Commercial - Idaho
Investment Insights
Based on property information with market context.
This commercial land offering at 40 Main St in downtown Los Altos includes approximately .18 acre and an existing 2,127 SF of improvements. Approved development plans call for a 22,266 SF mixed-use building with 15 residential units, including two moderate below market rate units, plus 3,193 square feet of ground-floor commercial space. The project secured approvals through SB35 and is described as shovel ready for multifamily development, with a condo project date anticipated for May 2024.
Parking plans include fully automated on-site parking, supplemented by Plaza #10 directly behind the property and Main Street parking. The site is positioned among downtown retail, restaurants, coffee shops, and grocery options, including Draeger's Grocery and Safeway. Nearby amenities also include Linden Tree Books, Hyperspace Arcade, Bluestone Café, Aurum, and State Street Pizza. The property is located within the Los Altos community, with access to Silicon Valley employers and Los Altos schools.
Parking plans include fully automated on-site parking, supplemented by Plaza #10 directly behind the property and Main Street parking. The site is positioned among downtown retail, restaurants, coffee shops, and grocery options, including Draeger's Grocery and Safeway. Nearby amenities also include Linden Tree Books, Hyperspace Arcade, Bluestone Café, Aurum, and State Street Pizza. The property is located within the Los Altos community, with access to Silicon Valley employers and Los Altos schools.
Key Highlights
- ±.18 acre commercial land parcel with ±2,127 SF of existing improvements
- Approved plans for a ±22,266 SF mixed‑use building
- 15 residential units, including two moderate below market rate units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 94022, CA
20,842
Population
8,151
Households
2.6
Avg Household Size
48
Median Age
89%
College-Educated
100%
High-School Grad
17.7 sq mi
ZIP Area
1,178
Density / Sq Mi
$250,001
Median Household Income
$144,301
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Downtown Los Altos development site with approvals for residential units and ground-floor commercial space.
Where is this commercial land located?
The property is located at 40 Main St Los Altos, CA.
What are key features of this property?
This property features: ±.18 acre commercial land parcel with ±2,127 SF of existing improvements; Approved plans for a ±22,266 SF mixed‑use building; 15 residential units, including two moderate below market rate units
