3567 El Camino Real, Palo Alto, CA 94306

$5,999,000

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Listed by Yoga Yang, 408-218-2313 from YJY Investments
(If provided) CoList: from

List Price
$5,999,000
MLS#
ML82062892
Status
ACTIVE
Zoning
CN
Lot Size
12,282
Neighborhood
Ventura

Property Description

Two adjoining parcels at 3567 and 3585 El Camino Real offered together. Approx. 12,282 SF (0.28 AC) residential development opportunity in south Palo Alto with approx. 120 ft of El Camino Real frontage and rear public alley access. APNs 132-40-061 (6,132 SF) and 132-40-058 (6,150 SF). 3567 El Camino Real is currently improved with an approx. 4,800 SF two-story commercial building (built 1959, per county records); lot sizes per City of Palo Alto parcel reports, buyer to verify. Zoned CN (Neighborhood Commercial). Flexible for for-sale condos/townhomes, rental apartments, mixed-use or live-work. A preliminary Hayes Group Architects feasibility study tested a 4-story, 16-unit for-sale residential concept over partially excavated parking. A qualifying project may be able to use the State Density Bonus Law and SB 330. Close to Stanford Research Park, California Ave, Caltrain and Stanford University. Fee-simple land sale, as-is. Offering Memorandum and feasibility study available upon request.

Additional Information

Days On Market
Unknown
Development Status
Other - Call Listing Agent
Fence
Not Surveyed
Lot Description
Regular
Lot Size
12,282
Neighborhood
Ventura
Other Utilities
Public Utilities
Parcel Access
Alley, City Street, Paved Road
Present Use
Commercial
Sewer
Sewer - Public
Zoning
CN

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