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$6,399,000
Est. payment /mo
1.13 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82010330
HOA Y/N No
Lot Size 1.126 Acres
Property Description
Prime Development Opportunity Bordering Palo Alto! Attention builders and developers! Dont miss this rare chance to create a brand-new residential community in one of the most desirable and strategically located areas on the Peninsula. This exceptional site offers close proximity to world-class employers including Stanford University, Stanford Hospital, Meta HQ, Amazon EPA, and the vibrant downtown Palo Alto. Also enjoy quick access to Google, LinkedIn, and other major tech campuses. Conveniently located just off University Avenue on the west side of Highway 101, this property borders Palo Alto and is within the sought-after Menlo-Atherton High School district. A recent conceptual yield study suggests the potential to develop 3334 townhomes or 44 apartment units (buyer to verify with city). Previously operated as a mobile home park, the site once had full utility hookups, which were removed after the park was officially closed--creating a potential opportunity for utility credits through the City of East Palo Alto. This flat, well-positioned parcel is ready for transformation. Act now to capitalize on this rare development opportunity in the heart of Silicon Valley.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-MD-1
Interior
Fireplace No
Exterior
View Y/N No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
High Schools Menlo-Atherton
School District Other
Others
Tax ID 063501010
Special Listing Condition Standard
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Listed by Jenny Huang • Coldwell Banker Realty