70 Encina Avenue, Palo Alto, CA 94301 – ML82017280

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Joshua Johnson • Marcus & Millichap

$8,650,000

Est. payment - /mo

12,120 SqFt

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 12,120 sqft

Price per Sqft $713

MLS Listing ID ML82017280

HOA Y/N No

Lot Size 0.278 Acres

Property Sub-Type Unimproved Land

Source Datashare MLSListings

Property Description

70 Encina Avenue represents the rare opportunity to obtain a fully approved and entitled development site in the heart of thriving Silicon Valley. Situated on a 0.278-acre site within the highly sought after city of Palo Alto, the subject offers the opportunity to develop an attached residential housing project in an unrivaled location. The property is adjacent to Town & Country Village, across the street from Stanford University, and a short distance from top high-tech employers, a vibrant downtown shopping district, and numerous recreation opportunities. The subject is approved for redevelopment with 10 townhouse-style residential condominiums contained in a three-story structure with at-grade parking. Floor plans include two-bedroom and three-bedroom residences. Eight of the units will be offered at market rate, with two units designated for below market rate buyers. The project is designed with private garages and direct access to all units, making it highly attractive to prospective homeowners.

Location

State CA

County Santa Clara

Interior

Fireplace No

Building

Lot Description Level

Schools

School District Palo Alto Unified, Palo Alto Unified

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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70 Encina Avenue Palo Alto, CA 94301

Sean Beattie Jr.

Key Details

Location

Interior

Building

Schools

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