558560 Waverley Street, Palo Alto

$21,999,000

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0.14

Acres

Listing Agent
Annie Watson - Coldwell Banker Realty

About 558560 Waverley Street

Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sqft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot. Acclaimed restaurant occupies the first floor with a long-term lease. Exquisite traditional design with timeless trim work, moldings and paneling, recessed lighting, and sliding panels to create more intimate spaces for private dining. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless-steel counters and shelving; sinks and appliances including multiple ovens, gas burners, fryers, steamers and workstations. Large walk-in refrigerator and 2 large bathrooms.The second floor has 6,150 sqft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style. Remodeled kitchenette. Contemporary bathrooms with 3 stalls and elegant white, textured tiles. Blend of 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Abundance of natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity!

Features of 558560 Waverley Street

MLS® # ML81987991
Price $21,999,000
Bathrooms 0.00
Acres 0.14
Year Built 1938
Type Commercial Sale
Status Active

Community Information

Address 558560 Waverley Street
Area 699 - Not Defined
City Palo Alto
County Santa Clara
Zip Code 94301

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Central
Cooling Central Air
Has Basement No
Fireplace No
# of Stories 2

Exterior

Roof Other

Additional Information

Date Listed December 5th, 2024
Days on Market 71
Zoning CDCGP
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAnnie Watson
OfficeColdwell Banker Realty

Listing Map

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