Palo Alto Mixed-Use
558-560 Waverley Street, Palo Alto, CA 94301
Prime mixed-use building in Downtown Palo Alto with established tenant.
Type:Commercial
Property size:
11,243 SFPrice / SF:
$1,600/SF- Added:
- Oct 9, 2025
- Days on Market:
- 220
- Last Refresh:
- Apr 5 at 8:17 pm
Property Features for 558-560 Waverley Street
General Information
- Standard status
- Active
- Size
- 11,243 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1938
Listing agent ANNIE WATSON
Listing office COLDWELL BANKER REALTY (650) 325-6161
Listing date Oct 9, 2025
Source Corcoran
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
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)
- Well‑maintained 12,300 sq ft building with 50 ft frontage
- Recently remodeled 6,150 sq ft office space with modern design and separate entrance
- Restaurant includes a full bar, wine wall, and expansive modern professional kitchen (over 2,000 sq ft)
Overview
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
Location Insight
- Map
- Local Demand
- City
- Palo Alto
- County
- Santa Clara
- State
- California
- Longitude
- -122.16
- Latitude
- 37.4464
Nearby Similar for Sale
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 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)
