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(408) 425-9359
Real Estate Company
127 Lytton AVE, Palo Alto, CA 94301
- $4,000,000
Listed by Joshua Johnson, 650-391-1784 from Marcus & Millichap
(If provided) CoList: David Cutler from Marcus & Millichap
Sold listing courtesy of Dianne Millner from MLL
- Sold Price
- $4,000,000
- List Price
- $4,998,000
- Closing Date
- Dec 29, 2023
- MLS#
- ML81927084
- Status
- SOLD
- Lot Size
- 4,650
- Listing Area
- Downtown Palo Alto
- Year Built
- 1946
Property Description
The property has an excellent location one block off University Avenue in downtown Palo Alto. The building is also a short distance from Stanford University, the Stanford Research Park, and Stanford Shopping Center. The building is configured with two tenant spaces. 127 Lytton Avenue is built out with office space and is currently vacant; 129 Lytton Avenue is leased to Darbar Indian Cuisine through April 2024. The site is one-half block from the Palo Alto Caltrain station and Palo Alto Transit Center, making the property easily accessible from public transit. The transit center has connections to VTA, SamTrans, AC Transit, Dumbarton Express, and Stanford Marguerite buses and shuttles. With one space currently vacant and the other on a short-term lease, the building has appeal to owner/users and value-add investors alike. Additionally, the property has the potential to be redeveloped at a higher density with a commercial or mixed-use project.
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Additional Information
- Acres
- 0.11
- Age
- 77
- Cooling System
- Multi-Zone
- Days On Market
- Unknown
- Floor Covering
- Carpet, Laminate, Tile
- Foundation
- Concrete Slab
- Garage Parking
- On Street
- Heating System
- Central Forced Air
- Lot Size
- 4,650
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Present Use
- Commercial, Office
- Roof
- Bitumen, Elastomeric
- Sewer
- Sewer - Public
- Zoning
- CD-C (P), Downtown Commercial (Community)
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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