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127 Lytton AVE Palo Alto, CA 94301
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Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 4,650 sqft
Price per Sqft $860
MLS Listing ID ML81927084
Sold Date 12/29/23
Year Built 1946
Lot Size 4,650 Sqft
Property Sub-Type Commercial Property
Property Description
The property has an excellent location one block off University Avenue in downtown Palo Alto. The building is also a short distance from Stanford University, the Stanford Research Park, and Stanford Shopping Center. The building is configured with two tenant spaces. 127 Lytton Avenue is built out with office space and is currently vacant; 129 Lytton Avenue is leased to Darbar Indian Cuisine through April 2024. The site is one-half block from the Palo Alto Caltrain station and Palo Alto Transit Center, making the property easily accessible from public transit. The transit center has connections to VTA, SamTrans, AC Transit, Dumbarton Express, and Stanford Marguerite buses and shuttles. With one space currently vacant and the other on a short-term lease, the building has appeal to owner/users and value-add investors alike. Additionally, the property has the potential to be redeveloped at a higher density with a commercial or mixed-use project.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning CD-C (P), Downtown Commercial (Community)
Interior
Heating Central Forced Air
Cooling Multi-Zone
Flooring Carpet, Laminate, Tile
Exterior
Parking Features On Street
Utilities Available Public Utilities
Roof Type Bitumen,Elastomeric
Present Use Commercial,Office
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Restrictions None
Tax ID 120-25-110
Security Features None
Special Listing Condition Not Applicable
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Bought with Dianne Millner • Millner Realty