Thank you
Jenny Huang
Coldwell Banker Realty
408-779-5000
Attention Developers! This is an excellent and rare opportunity to establish a new subdivision in a prime location! Situated close to major employers such as Stanford University, Stanford Hospital, Meta Headquarters, Amazon EPA offices, and Palo Alto downtown, with easy access to Google, LinkedIn, and more. The property is located on the west side of Freeway 101, just off University Ave., and borders Palo Alto. The Conceptual Yield Study indicates a potential for 33-34 townhouse units or 44 apartment units. Originally a mobile home park, all utilities were connected to the property but were subsequently removed upon the closure of the park. The mobile home park has since been officially closed. Developers may have the opportunity to receive credits for utility connections and housing fees from the city of East Palo Alto. In addition, the subject property is assigned to Menlo-Atherton High School. It is primed and ready for redevelopment.
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Total Baths: 0
Water Source : Public
Sewer : Public Sewer
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.126
Lot Size Source: Other
Lot Size Square Feet: 49048.56
Original List Price: 6,399,000
Listing Contract Date: 2024-04-02
Listing Agreement: Exclusive Right To Sell
Parcel Number: 063501010
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: From US-101 N, Exit on Embarcadero Rd.. Left on Embarcadero Rd.. Take W Bayshore Rd. to Woodland Ave.. From US-101 S, exit on University Ave., Left at University Ave., right on Woodland Ave..
Zoning: R-MD-1
Source Property Type: Land
Area: 699 - Not Defined
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1168 Beech Street, East Palo Alto, CA,94303 | $3,950,000 | 24 | 24 | 13,500 | 27415 Sqft |
1885 E Bayshore Road #96, East Palo Alto, CA,94303 | $499,000 | 2 | 2 | 924 | 2754 Sqft |
760 Weeks, East Palo Alto, CA,94303 | $2,000,000 | -- | -- | -- | 22950 Sqft |
944 Baines Street, East Palo Alto, CA,94303 | $1,425,000 | 4 | 2 | 2,190 | 3146 Sqft |
1982 W Bayshore Road #338, East Palo Alto, CA,94303 | $875,000 | 2 | 2 | 1,157 | -- |
2013 Clarke Avenue, East Palo Alto, CA,94303 | $1,299,000 | 5 | 3 | 1,820 | 5600 Sqft |
101 Garden Street, East Palo Alto, CA,94303 | $1,060,000 | 3 | 1 | 1,570 | 5000 Sqft |
1765 E Bayshore Road #209, East Palo Alto, CA,94303 | $645,000 | 1 | 1 | 950 | -- |
1765 E Bayshore Road #215, East Palo Alto, CA,94303 | $689,000 | 1 | 1 | 935 | -- |
2239 Poplar Avenue, East Palo Alto, CA,94303 | $799,950 | 2 | 1 | 1,010 | 5001 Sqft |
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ByOwner last updated this listing 04/29/2024 @ 13:50
MLS: ML81959779
LISTED BY: Jenny Huang, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.