1201 Runnymede StEast Palo Alto, CA 94303

This exceptional 40,637 square foot land parcel presents a unique investment opportunity in the rapidly growing East Palo Alto, California market. Located at 1201 Runnymede Street, 94303, this commercially and residentially zoned (R10025) property is approved for the construction of a twenty-unit townhouse development. The site boasts convenient access to major transportation arteries, including Highway 101 and the Dumbarton Bridge, ensuring seamless connectivity to the broader San Francisco Bay Area. Its prime location places it within close proximity to renowned institutions like Stanford University, as well as established retail centers such as the Ravenswood Shopping Center and IKEA, contributing to a vibrant and thriving local economy. The property's designation as two-star residential land, coupled with the robust real estate growth and high demand in East Palo Alto, indicates significant potential for a strong return on investment. This is a rare chance to capitalize on the burgeoning development scene in a highly desirable Silicon Valley location. The property is situated in San Mateo County.