Mixed-Use

Palo Alto, CA Mixed-use Properties for Sale

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Downtown Palo Alto Mixed-Use Buildings
Updated: Feb 18
Downtown Palo Alto Mixed-Use Buildings

235 Alma Street, Palo Alto, CA 94301

$4,988,000
2,560 sqft
Prime downtown Palo Alto location with walkability to amenities.
CD‑N zoning allows for a wide range of uses: residential, office, retail, and more.
Two updated buildings totaling 3940 sq ft.
Front house (2560 sq ft) features 3 bedrooms/offices and a versatile open lower level (955 sq ft).
Rear building (1380 sq ft) is a high bay clear space with skylights, glass wall, and roll‑up door, suitable for creative uses.
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Palo Alto Mixed-Use Building
Updated: Oct 9, 2025
Palo Alto Mixed-Use Building

558-560 Waverley Street, Palo Alto, CA 94301

$18,000,000
11,243 sqft
Prime Downtown Palo Alto location, steps from University Avenue
Established tenant: Acclaimed high‑end restaurant with long‑term lease
Mixed‑use building: Restaurant (1st floor) and office space (2nd floor)
Well‑maintained 12,300 sq ft building with 50 ft frontage
Recently remodeled 6,150 sq ft office space with modern design and separate entrance
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Entitled Mixed-Use Development Opportunity
Entitled Mixed-Use Development Opportunity

640 Waverley Street, Palo Alto, CA 94301

$12,500,000
2,369 sqft

Fully entitled mixed-use development in downtown Palo Alto.

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New Construction Mixed-Use Condos
New Construction Mixed-Use Condos

4115 El Camino Real, Palo Alto, CA 94306

$18,880,000
31,459 sqft

New construction mixed-use condos available for bulk purchase.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 4 Active listings in Palo Alto, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Mixed-Use Redwood City Landmark
Historic Mixed-Use Redwood City Landmark

901 MAIN ST, Redwood City, CA 94063

$2,600,000
5,000 sqft

Rare, stabilized mixed-use investment in Downtown Redwood City.

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Mixed-Use Opportunity in Mountain View
Mixed-Use Opportunity in Mountain View

821 W El Camino Real, Mountain View, CA 94040

$1,388,888
1,751 sqft

Freestanding commercial building with flexible zoning in a prime location.

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Mixed-Use Retail and Residential Property
Mixed-Use Retail and Residential Property

2561-67 El Camino Real, Redwood City, CA 94061

$4,000,000
6,385 sqft

Two ground-floor retail spaces and multiple residential units with 13 on-site parking and access from two streets.

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Mountain View Mixed-Use Property
Mountain View Mixed-Use Property

701-727 W Evelyn Ave, Mountain View, CA 94041

$13,000,000
30,438 sqft

Mixed-use property available for sale in Mountain View, California.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Corner Lot in Burlingame
Prime Corner Lot in Burlingame

Hillsborough, CA 94010

$11,500,000
11,000 sqft 0.65 AC lot

Iconic building site with development potential near downtown.

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Hayward Land For Sale
Hayward Land For Sale

27572 Mission Blvd, Hayward, CA 94544

$1,940,000
1,875 sqft

Land available for sale in Hayward, California.

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Midtown Development Opportunity
Midtown Development Opportunity

278 Grand Ave, San Jose, CA 95126

$988,888

Development property in San Jose's Urban Village zone.

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Pescadero Land Parcel For Sale
Pescadero Land Parcel For Sale

1275 Reservoir, Pescadero, CA 94060

$7,298,000

Land parcel available in Pescadero, San Mateo County.

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Off-Market Properties in Palo Alto, CA

Consider similar Off-Market properties in Palo Alto, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1923 Bay Rd
MIXED USE (COMMERCIAL/INDUSTRIAL)

1923 Bay Rd, Palo Alto, CA 94303

Value Estimation by Request
1.00 AC lot
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 E
MIXED USE (COMMERCIAL/INDUSTRIAL)

E, Palo Alto, CA 94303

Value Estimation by Request
0.17 AC lot
View details
 E
MIXED USE (COMMERCIAL/INDUSTRIAL)

E, Palo Alto, CA 94303

Value Estimation by Request
0.29 AC lot
View details
 E
MIXED USE (COMMERCIAL/INDUSTRIAL)

E, Palo Alto, CA 94303

$3,365,000
Estimated value
12,562 sqft 0.57 AC lot
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1851 Bay Rd
MIXED USE (COMMERCIAL/INDUSTRIAL)

1851 Bay Rd, Palo Alto, CA 94303

Value Estimation by Request
0.11 AC lot
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558 Waverley St
Office Spaces

558 Waverley St, Palo Alto, CA 94301

Value Estimation by Request
12,000 sqft
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 E
MIXED USE (COMMERCIAL/INDUSTRIAL)

E, Palo Alto, CA 94303

Value Estimation by Request
1.89 AC lot
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Palo Alto, CA Mixed-Use Properties Market Trends and Statistics

Explore 11 mixed-use properties for sale in Palo Alto, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 47,631 square feet of properties for sale, with an estimated market value of $54,368,000.

Sale prices for multi use buildings in Palo Alto, CA start at $4,988,000, averaging $13,592,000, and reaching up to $18,880,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Live-work space 1

Demographics Overview

Population 114K
Population Growth (5Y) +6.6%
Median Household Income $159,150
College Educated 91.5%

High-Yield Neighborhoods for Investment

Identify Palo Alto submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Ventura $2.6M
Palo Alto $13.6M

Taxes & Financing

Tax Rate (average for all types) 1.01%
Property Tax per SF $8.24 per SF
Tax Rate vs County Average 0.14 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Santa Clara County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Palo Alto fall within the 10,000 to 25,000 square foot range.

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