Freestanding Retail
For Sale
Contact for pricing
999 Alma Street, Palo Alto, CA 94301
Corner-positioned retail asset with a single-tenant layout and exclusive parking across Addison Avenue.
Property Size10,000 SF
Lot Size0.24 Acres
Days on Market145
Property Features for 999 Alma Street
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
15
Lot size
0.24 Acres
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Year Built
1952
Year Renovated
2002
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Palo Alto
(757) 270-0946
Listed By:
Joshua Johnson · License #CA 01930127
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 1:35PM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The offering comprises a freestanding retail building with 10,000 square feet of space on a 0.24-acre site at Alma Street and Addison Avenue. Originally completed in 1952 and fully renovated in 2002, the property is currently vacant and configured for a single occupant. The offering includes the leasehold interest and exclusive use of 15 parking spaces in a lot directly across Addison Avenue at 1019 Alma Street.
The property is located in downtown Palo Alto, a retail and entertainment district with national retailers, independent boutiques, galleries, theaters, cafes, and restaurants. University Avenue is several blocks away, while Stanford Shopping Center is just outside downtown and includes Nordstrom, Bloomingdale’s, Neiman Marcus, and Macy’s. The building is available for a new tenant or owner-occupant.
The property is located in downtown Palo Alto, a retail and entertainment district with national retailers, independent boutiques, galleries, theaters, cafes, and restaurants. University Avenue is several blocks away, while Stanford Shopping Center is just outside downtown and includes Nordstrom, Bloomingdale’s, Neiman Marcus, and Macy’s. The building is available for a new tenant or owner-occupant.
Key Highlights
- 10,000‑square‑foot retail building on a 0.24‑acre site
- Freestanding building at the corner of Alma Street and Addison Avenue
- Improvements originally constructed in 1952 and completely renovated in 2002
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,139
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Stanford Blooms & Gifts — 620 emerson st, palo alto, ca 94301
- April 23 Florist — 536 Ramona St, Palo Alto, CA 94301
Frequently Asked Questions
What type of property is this?
Storefront property - Corner-positioned retail asset with a single-tenant layout and exclusive parking across Addison Avenue.
Where is this storefront property located?
The property is located at 999 Alma Street Palo Alto, CA.
What are key features of this property?
This property features: 10,000‑square‑foot retail building on a 0.24‑acre site; Freestanding building at the corner of Alma Street and Addison Avenue; Improvements originally constructed in 1952 and completely renovated in 2002
