RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
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RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RARE 12,300 SF RETAIL/OFFICE OWNER USER
RETAIL

RARE 12,300 SF RETAIL/OFFICE OWNER USER

558-560 Waverley St , Palo Alto , CA 94301

$18,500,000

PROPERTY FACTS

Sales Price: $18,500,000
Status: For Sale
Building Size: 12,300 SF
Lot Size: 0.14 AC
Property Type: Retail
Year Built: 1938

INVESTMENT HIGHLIGHTS

  • Rare 12,300 SF Retail/Office Owner User/Investment Opportunity
  • 2 Unit Building Totaling 12,300 SF (6,150 SF Ground Floor Restaurant Leased to Tai Pan & a 6,150 SF 2nd Floor Office Which is Vacant)
  • 50% Leased – Rare Owner User Opportunity to Occupy the 2nd Floor Office Space and Have the Income from Tai Pan Offset the Mortgage Cost
  • Adjacent to the Hamilton/Waverley City Parking Lot with Ample Parking
  • Irreplaceable Trophy Asset - Generational Opportunity to Acquire a Prominent Building in Downtown Palo Alto
  • Located on the Corner of Waverley Street & Hamilton Avenue, 3 Buildings Away from University Avenue

EXECUTIVE SUMMARY

- Rare 12,300 SF Retail/Office Owner User/Investment Opportunity.

- 2 Unit Building Totaling 12,300 SF (6,150 SF Ground Floor Restaurant Which is Leased to Tai Pan and a 6,150 SF 2nd Floor Office Which is Currently Vacant and Was Recently Renovated).

- 50% Leased – Rare Owner User Opportunity to Occupy the 2nd Floor Office Space and Have the Income from Tai Pan Offset the Mortgage Cost.

- Tai Pan Restaurant is an Upscale Hong Kong Style Chinese Restaurant, it is 6,150 SF, with a Large Dining Room, Private Dining Rooms, Large Bar, and a Large-Scale Kitchen. They have been a Tenant Here since March 2005, and their lease expires in March 2030 with no Options Remaining.

- Adjacent to the Hamilton/Waverley City Parking Lot with Ample Parking.

- Irreplaceable Trophy Asset.

- Located on the Corner of Waverley Street & Hamilton Avenue, 3 Buildings Away from University Avenue.

- Generational Opportunity to Acquire a Prominent Building in Downtown Palo Alto.

- Located in One of the Nations Highest Barrier to Entry Market.

Download Property Information

OM (558-560 Waverley St, Palo Alto).pdf
David Taxin

David Taxin

Jeremy Awdisho

Jeremy Awdisho

List With David Taxin

David provides his clients with strategic advice to help create and grow wealth through commercial real estate investments.

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Contact Details

David Taxin | CA DRE# 00983163

Phone

(408) 966-5919

Email

[email protected]

Jeremy Awdisho | CA DRE# 02064232

Phone

(650) 814-4510

Email

[email protected]

Address

8 N San Pedro St., #300 San Jose, CA 95110

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