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Listed price in listed location currency (USD).
$12,500,000

000

MLS® ML82048326

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 1
Lot Size 
Approx. Age 
MLS® Number ML82048326

Property Address: 640 Waverley Street, Palo Alto, CA, 94301

Average square foot calculated using Size range provided by listing agent.

Description

This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17, 616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2, 345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10, 602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2, 369 sq. ft. A state-of-the-art 4, 645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
MLS® NumberML82048326
Laundry Level
Central VacNo
FireplaceNo
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Approx. Age
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Driveway
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Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 23, 2026List Date
$12,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
640 Waverley St, Palo Alto, CA

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