246 Palo Alto Avenue
Palo Alto, CA 94301
1
Bed
1
Bath
1,020Sqft
7,150Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 1Bathroom Information
Total Baths: 1 Full Baths: 1Roofing Information
CompositionFlooring Information
Wood -
Interior Features
Roof: CompositionAppliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Has Cooling: Yes Cooling: None
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Building Information
Year Built: 1923Private Pool: No
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Lot Information
Main Square Feet: 7150 Lot Size Acres: 0.1641 Lot Size Source: Assessor Lot Size Square Feet: 7,150
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Listing Price Information
Listing Price: $3750000
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Tax Information
Parcel Number: 12024033
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Parking Information
Parking Total: 1Garage Information
Has Garage: Yes Garage Space: 1
-
School Information
Elementary School: Junior High School: Other Senior High School: Palo Alto -
Location Information
Direction: Cross Street: Bryant Street WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Middlefield Road, Palo Alto, CA, 94301 | $7,500,000 | -- | -- | 5,939 | -- |
| Middlefield Road, Palo Alto, CA, 94301 | $7,500,000 | 11 | 10 | 5,939 | -- |
| 699 Oregon Avenue, Palo Alto, CA, 94301 | $2,988,000 | 4 | 2 | 1,611 | 5,099 Sqft |
| 1418 Pitman Avenue, Palo Alto, CA, 94301 | $15,980,000 | 4 | 5 | 4,257 | 10,960 Sqft |
| 1321 Hopkins Avenue, Palo Alto, CA, 94301 | $1,998,000 | 2 | 2 | 960 | 3,675 Sqft |
| 1131 Parkinson Avenue, Palo Alto, CA, 94301 | $4,798,000 | 4 | 3 | 1,965 | 6,839 Sqft |
| 618 Tennyson Avenue, Palo Alto, CA, 94301 | $10,888,000 | 5 | 7 | 4,419 | 7,500 Sqft |
| 1836 Webster Street, Palo Alto, CA, 94301 | $7,995,000 | 5 | 4 | 2,831 | 10,000 Sqft |
| 1730 Webster Street, Palo Alto, CA, 94301 | $16,588,000 | 6 | 5 | 5,521 | 10,000 Sqft |
| 838 Boyce Avenue, Palo Alto, CA, 94301 | $5,995,000 | 6 | 6 | 2,324 | 20,077 Sqft |
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ByOwner last updated this listing 09/03/2026 @ 00:29
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