Entitled Mixed-Use Development
For Sale
$12,500,000
640 Waverley St, Palo Alto, CA 94301
Fully entitled mixed-use development in downtown Palo Alto.
Property Size2,369 SF
Price / SF$5,276
Days on Market90
Property Features for 640 Waverley St
General Information
Standard status
Active
Size
2,369 SF
Listing Agency:
eXp Realty of Northern California, Inc.
(831) 901-2324
Listed By:
Frank De Bernardo · License #01211552
(831) 901-2324
Source:
Exprealty
Added: May 27
Changed: Aug 23
Last Checked: Aug 23 at 7:36AM
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 eXp Realty of Northern California, Inc.
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.).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,272
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
Questions? Ask Rey
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Frequently Asked Questions
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 St 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.)**.
