326-338 University Ave - Storefront FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$15,000,000 USD
408-966-5919
326-338 University Ave, Palo Alto, CA for Sale
$15,000,000 USD
Storefront - FOR SALE
1/37
null | Request Cap Rate

NEW


326-338 University Ave
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Irreplaceable Trophy Asset For Sale
  • 8,700 SF Multi-Tenant Retail Bldg. Adjacent to The Apple Store on University Ave in Downtown Palo Alto
  • 4 Unit Building (3 Retail Storefront Units & 1 Office Unit at the Rear of the Property)
  • 6,000 SF Available for an Owner User to Occupy Immediately
  • 31% Leased – 2,700 SF Unit Recently Leased to 575 Miishien Yunnan-Style Restaurant
  • Generational Opportunity to Acquire a Prominent Building on University Avenue’s Best Retail Block

OVERVIEW

- Irreplaceable Trophy Asset For Sale in Downtown Palo Alto. - 8,700 SF Multi-Tenant Retail Building Adjacent to The Apple Store on University Avenue in Downtown Palo Alto. - 4 Unit Building (3 Retail Storefront Units & 1 Office Unit at the Rear of the Property). - 31% Leased – Rare Owner User/Investment Opportunity. - 6,000 SF Available for an Owner User to Occupy Immediately. - 326 University (2,700 SF) was Recently Leased to 575 Miishien Restaurant on a 5 Year Lease with One (1) Five (5) Year Option. Rent Commencement will Begin on 07/01/2025, they are Currently Completing Their Renovations. - 328, 338, and 330 University are Currently Vacant. - Adjacent to The Apple Store on University Avenue in Downtown Palo Alto. - Generational Opportunity to Acquire a Prominent Building on University Avenue’s Best Retail Block. - Located in the Heart of Downtown Palo Alto, One of the Nations Highest Barrier to Entry Market.

FOR SALE DETAILS

PRICE

$15,000,000 USD

PRICE/SF

$1,724 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

IRREPLACEABLE TROPHY ASSET IN DT PALO ALTO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Restaurant, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,000 SF

ZONING

CD-C (GF)(P)

APN/PARCEL ID

120-15-059

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.