321 California Ave Palo Alto, CA 94306-1830

Property Details for 321 California Ave

Year built

1938

Construction

TILT-UP CONCRETE

Lot size

0.24 lot acres

Property size

3,825 SF

Zone code

CC2RP

Property type

Retail space

APN

124-33-001

APU

12433001

Description

This exceptional freestanding restaurant building at 321 California Avenue in Palo Alto, California presents a unique investment opportunity. Boasting 4,775 square feet on a substantial 310,454 square foot lot, this property offers significant potential. Built in 1938, the building is zoned CC2RP and features a desirable patio area, adding to its overall usable space. The property benefits from exclusive on-site parking, a rare find in this highly sought-after location. Its prime downtown position is just two blocks from the Caltrain station and within easy walking distance of Stanford University, ensuring high visibility and accessibility. The surrounding area is home to a vibrant mix of businesses, including well-known brands such as Starbucks, Club Pilates, Pure Barre, The Counter, and Equinox. A significant advantage is the property's direct adjacency to the new public parking garage at 350 Sherman Avenue, providing 636 parking stalls for patrons and employees. The asking price for this remarkable property is $5,200,000. The property's location, size, and proximity to key amenities make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving California market. The APN is 124-33-001. This is a rare chance to acquire a well-situated, established restaurant space in the heart of Palo Alto.

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Longitude

-122.144

Latitude

37.4271

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments