Property profile

338 University Ave Palo Alto, CA 94301

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

338 University Avenue in Palo Alto, California, presents a unique opportunity for restaurant entrepreneurs. This established location, situated in the heart of Santa Clara County, boasts a prime position on University Avenue, ensuring high visibility and significant foot and vehicle traffic. The property offers multiple spaces available for lease, ranging from 2,100 to 2,820 square feet, providing flexibility for various restaurant concepts and sizes. The building has a rich history as a restaurant, providing a solid foundation for a new tenant. The address is 338 University Avenue, Palo Alto, CA 94301. This is a direct lease opportunity, allowing for complete customization and branding to suit the new tenant's vision. The property's location within a vibrant and bustling area guarantees a steady stream of potential customers, making it an ideal investment for those seeking a thriving restaurant business in a highly desirable location. The property type is classified as a restaurant with retail subtype and multiple tenancy. The property is ready for immediate occupancy and offers a chance to establish a successful restaurant in a well-established commercial area. This is a rare opportunity to secure a prominent space in a high-traffic area of Palo Alto.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

338 University Ave Palo Alto, CA 94301
Palo Alto metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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