Palo Alto Mixed-Use
For Sale
$18,000,000
558-560 Waverley Street, Palo Alto, CA 94301
Prime mixed-use building in Downtown Palo Alto with established tenant.
Property Size11,243 SF
Price / SF$1,600
Days on Market320
Property Features for 558-560 Waverley Street
General Information
Standard status
Active
Size
11,243 SF
Property subtype
Commercial
Amenities
Central air
Common Garage
Central Air Cooling
Central Forced Air Heating
On Street
Parking Area
Parking Restrictions
Building Details
Year Built
1938
Listing Agency:
COLDWELL BANKER REALTY
(650) 325-6161
Listed By:
ANNIE WATSON
Source:
Corcoran
Added: Oct 9, 2025
Changed: Aug 15
Last Checked: Aug 24 at 7:07AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,043
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Street 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)
