$5,100,000 - New Construction

$5,100,000 1923 Bay Rd Palo Alto, CA

MLS: ML81675328   Type: Com Land   County: San Mateo   City: Palo Alto   Area: East Of U.s. 101 East Palo Alto   Zip: 94303   Style: Commercial,Multi-Family,Office,Vacant  

Mortgage $23,944 /mo



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Great Opportunity for Mixed Use Development very close to 5 eight story office buildings new construction development underway. APN numbers include: APN# 063132110, 1.06 acres approx. APN# 063132170, .17 acres approx. APN# 063132100, Tara Street, long road APN# 063132160, Tara Street, small road Tara Road access comes with easement to rear properties Mixed use development, 60 foot height limitation, highest and best use to be determined by developer. The 5 eight story office buildings will transform the entire south east section of East Palo Alto. Potential mixed commercial and residential possiblities. Best use may be Corporate housing to facilitate new office development on the upper floors while retail may do well on the bottom levels. Seller reserves the right to reject and any all offers.

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Price History

8/24/2017 Listed $4,000,000

City Limits (y/n) Yes
Zoning Text MH00M2

Exterior Features

Existing Crops/vegetation None
Fencing Fenced, Fenced Back, Fenced Front
Horse Property No
Lot Acres 1.0600
Lot Description Grade - Level
Sewer/Septic Other
Water Other

Property Schools

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Property vs Zip Code Avg (94303)

Price 5.10M Avg 5.10M

Acres 1.06 Avg 1.06

Visits 53 Avg 54

Days on Site 327 Avg 327

Walkscore® 62 Avg 62

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Listing Provided Courtesy Of: George Biocini with George Peter Biocini, Broker.

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Location & Address

40 Stone Pine Road, Suite H
Half Moon Bay, CA