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Listed by Compass
$ 3,750,000
Est. payment /mo
New
246 Palo Alto Avenue Palo Alto, CA 94301
1 Bed
1 Bath
1,020 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,020 sqft
Price per Sqft $3,676
MLS Listing ID ML82059476
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 7,150 Sqft
Property Sub-Type Detached
Source Datashare MLSListings
Property Description
RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional 7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.
Location
State CA
County Santa Clara
Interior
Heating Other
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Yes
Exterior
Garage Spaces 1.0
Private Pool false
Building
Story 1
Water Public
Schools
School District Palo Alto Unified, Palo Alto Unified