558-560 Waverley St - Storefront Retail/Office FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$18,500,000 USD
408-966-5919
558-560 Waverley St, Palo Alto, CA for Sale
$18,500,000 USD
Storefront Retail/Office - FOR SALE
1/38
null | Request Cap Rate

558-560 Waverley St
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Rare 12,300 SF Retail/Office Owner User/Investment Opportunity
  • 2 Unit Building Totaling 12,300 SF (6,150 SF Ground Floor Restaurant Leased to Tai Pan & a 6,150 SF 2nd Floor Office Which is Vacant)
  • 50% Leased – Rare Owner User Opportunity to Occupy the 2nd Floor Office Space and Have the Income from Tai Pan Offset the Mortgage Cost
  • Adjacent to the Hamilton/Waverley City Parking Lot with Ample Parking
  • Irreplaceable Trophy Asset - Generational Opportunity to Acquire a Prominent Building in Downtown Palo Alto
  • Located on the Corner of Waverley Street & Hamilton Avenue, 3 Buildings Away from University Avenue

OVERVIEW

- Rare 12,300 SF Retail/Office Owner User/Investment Opportunity. - 2 Unit Building Totaling 12,300 SF (6,150 SF Ground Floor Restaurant Which is Leased to Tai Pan and a 6,150 SF 2nd Floor Office Which is Currently Vacant and Was Recently Renovated). - 50% Leased – Rare Owner User Opportunity to Occupy the 2nd Floor Office Space and Have the Income from Tai Pan Offset the Mortgage Cost. - Tai Pan Restaurant is an Upscale Hong Kong Style Chinese Restaurant, it is 6,150 SF, with a Large Dining Room, Private Dining Rooms, Large Bar, and a Large-Scale Kitchen. They have been a Tenant Here since March 2005, and their lease expires in March 2030 with no Options Remaining. - Adjacent to the Hamilton/Waverley City Parking Lot with Ample Parking. - Irreplaceable Trophy Asset. - Located on the Corner of Waverley Street & Hamilton Avenue, 3 Buildings Away from University Avenue. - Generational Opportunity to Acquire a Prominent Building in Downtown Palo Alto. - Located in One of the Nations Highest Barrier to Entry Market.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$1,504 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

RARE 12,300 SF RETAIL/OFFICE OWNER USER

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,151 SF

ZONING

CD-C (GF)(P)

APN/PARCEL ID

120-15-085

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.