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    OFF-MARKET
    Commercial kitchens

    116 University Ave, Palo Alto, CA 94301

    0.17 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A office building in Palo Alto offers three distinct spaces totaling 3,364 to 3,626 square feet, ideal for discerning businesses. Located at 116 University Avenue, near Alma Street, this three-story building boasts a prime location in Santa Clara County (APN 120-26-108, zoned R-6). The ground floor features a 3,364 square foot office space, while the second floor offers 3,626 square feet, complete with a built-in conference room. A unique feature is the lower level, encompassing 3,535 square feet, fully built out as a commercial kitchen – perfect for food-related businesses or those requiring extensive food preparation capabilities. The top two floors are highlighted by floor-to-ceiling windows that open to the outdoors, providing abundant natural light and a pleasant work environment. Building amenities include key card access for enhanced security and access to a private outdoor plaza. The interior features polished concrete floors and high ceilings, creating a modern and sophisticated atmosphere. The property sits on 0.17 acres and includes an elevator for convenient access to all three floors. This is a rare opportunity to secure high-quality office space in a highly desirable location. The building was renovated in 2007. Multiple tenancy options are available.

    Property profile
    Verified
    Property type Commercial kitchens
    Lot 0.17 ac (7,405 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bellomo Architects Architect
    • Epiphan Video Electronics & Wireless Store
    • Global Liquid Markets (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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