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558-560 Waverley St Palo Alto, CA 94301

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For Sale
$18,000,000

Prime mixed-use building in Downtown Palo Alto with established tenant.

Property size:
11,243 SF

Property Features for 558-560 Waverley St

General Information

Standard status
Active
Size
11,243 SF

Building Details

Year built
1938

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Listing Contact
Annie Watson
Source: Corcoran

Listing Agency: COLDWELL BANKER REALTY Listing Agent: Annie Watson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Palo Alto Mixed-Use Building

This well-maintained, two-story mixed-use building offers 12,300 square feet of space in Downtown Palo Alto. The property features 50 feet of frontage on Waverley Street and is conveniently located adjacent to a large public parking lot. The first floor is occupied by an acclaimed high-end restaurant with a long-term lease. The restaurant space includes a 168 seating capacity, a full bar with a stone countertop, a wine wall, and an expansive modern professional kitchen exceeding 2,000 square feet. The kitchen is equipped with stainless steel counters and shelving, multiple sinks, appliances including ovens, gas burners, fryers, steamers, wok stations, and a large walk-in refrigerator, as well as two large bathrooms. The second floor comprises 6,150 square feet of office space with a separate entrance. This office area was recently remodeled with wide-plank floors, high ceilings, and a modern industrial style featuring exposed ducts and beams. It includes remodeled kitchenettes and bathrooms, five enclosed rooms suitable for offices or meetings, and a wide-open concept workspace with natural light throughout. Stairwells are located at the front and back of the building.
Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Palo Alto
County
Santa Clara
State
California
Longitude
-122.1598186
Latitude
37.4463798

FAQs

What type of property is this?
Mixed-use property - Prime mixed-use building in Downtown Palo Alto with established tenant.
Where is this mixed-use property located?
The property is located at 558-560 Waverley St Palo Alto, CA.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: - Prime Downtown Palo Alto location, steps from University Avenue; - Established tenant: Acclaimed high-end restaurant with long-term lease; - Mixed-use building: Restaurant (1st floor) and office space (2nd floor)
More about this property
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