Thank you
Carlos Azucena
Marcus & Millichap
650-391-1700
624 University Dr. offers a strategic covered land play, allowing developers to capitalize on the land's current returns during the planning phase of future opportunities. Property is being sold alongside the adjacent property, 632 University Dr. PROPERTIES SOLD TOGETHER OR SEPARATELY. When purchased together, the lot size becomes almost 18,000 SqFt, allowing for the development of up to 12 units. 624 University Dr. is located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. The property is within walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Units have an abundance of natural light and some have been upgraded with new counters, tile baths, and new vanities. The roof was replaced within the last 5 years. NOTE: Interior photos are of unit #2 of neighboring building 632 University Dr. Identical floorplan exists in 624 University Dr.
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Total Baths: 0
Wood
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2032
Lot Size Source: Assessor
Lot Size Square Feet: 8850
Original List Price: 2,588,000
Listing Contract Date: 2024-02-22
Listing Agreement: Seller Reserved
Parcel Number: 071312300
Lease Term: Negotiable
Source Listing Status: Pending
Source Neighborhood: 699 - Not Defined
Zoning: R3
Source Property Type: Land
Area: 699 - Not Defined
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
725 Evergreen Street, Menlo Park, CA,94025 | $7,195,000 | 4 | 4 | 3,458 | 10010 Sqft |
787 Sharon Park Drive, Menlo Park, CA,94025 | $5,698,000 | 5 | 4 | 3,564 | 17424 Sqft |
1307 Windermere, Menlo Park, CA,94025 | $1,900,000 | 4 | 3 | 2,260 | 5580 Sqft |
115 El Camino Real #203, Menlo Park, CA,94025 | $3,648,000 | 3 | 2 | 2,047 | 9185 Sqft |
115 El Camino Real #202, Menlo Park, CA,94025 | $3,248,000 | 2 | 2 | 1,829 | 9185 Sqft |
1108 Henderson Avenue, Menlo Park, CA,94025 | $1,149,000 | 3 | 1 | 910 | 4720 Sqft |
1130 Sevier Avenue, Menlo Park, CA,94025 | $1,399,000 | 3 | 2 | 1,370 | 5749 Sqft |
751 Roble Avenue, Menlo Park, CA,94025 | $3,300,000 | 8 | -- | 4,372 | 7590 Sqft |
8 Cardinal Court, Menlo Park, CA,94025 | $3,799,900 | 5 | 4 | 3,105 | 7910 Sqft |
1360 Hillview Drive, Menlo Park, CA,94025 | $4,698,000 | 4 | 2 | 2,729 | 10300 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 13:36
MLS: ML81955063
LISTED BY: Carlos Azucena, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
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.