640 Waverley Street Palo Alto, CA 94301

Listing office EXP REALTY OF NORTHERN CALIFORNIA, INC. d***@gmail.com Show Phone

Listing date May 25, 2026

Source Corcoran

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Investment Insights

Based on property information with market context.

This world-class offering presents a rare opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto. The approved design features an elegant 4-story building integrating approximately 2,345 sq. ft. of premium office space with terraces and residences above, complemented by secure below-grade parking. The property is designed by Birge Clark Award-winning architect Ken Hayes. The approved project is positioned for immediate execution, supported by comprehensive technical studies. The design includes four luxury residential units totaling 10,602 sq. ft. with 12-foot ceilings. The Class A commercial office space measures 2,369 sq. ft. A 4,645 sq. ft. residential basement features 18-foot clearance and a concealed parking lift accommodating seven vehicles. Located steps from University Avenue Caltrain, this development combines architectural appeal with location value, offering investors a balanced income profile and a long-term hold in a supply-constrained market. 640 Waverley Street is a fully entitled, pre-construction mixed-use project.

Key Highlights

• Fully entitled mixed‑use development in downtown Palo Alto, ready for immediate execution.
• Prime location steps from University Avenue Caltrain.
• Approved design features 4 luxury residential units (10,602 sq. ft.) and premium office space (2,369 sq. ft.).

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FAQs

What type of property is this?

Mixed-use property - Fully entitled mixed-use development in downtown Palo Alto.

Where is this mixed-use property located?

The property is located at 640 Waverley Street Palo Alto, CA.

What is the asking price?

The asking price for this property is $12,500,000.

What are key features of this property?

This property features: Fully entitled mixed‑use development in downtown Palo Alto, ready for immediate execution.; Prime location steps from University Avenue Caltrain.; Approved design features **4 luxury residential units (10,602 sq. ft.) and premium office space (2,369 sq. ft.)**.