This is an exceptional opportunity in the sought-after Midtown neighborhood a 1.08-acre parcel offering immense redevelopment potential. Potentially requiring rezoning for Planned Community residential, this rare opportunity would transform this parcel. Currently configured with 8 tenant-occupied cottages, this property also presents subdivision possibilities, opening doors for a visionary development. Positioned in the heart of this highly sought-after area, the centrally located site offers close proximity to Stanford University, tech hubs, local parks and shops, plus acclaimed Palo Alto schools. It is an outstanding prospect for investors or developers who seek to capitalize on a rare chance to transform prime real estate in a coveted Silicon Valley location.
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Listing Snapshot
Price
$10,000,000
Days On Site
164 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.0868 Acres
Year Built
N/A
MLS® Number
ML81992737
Status
Active Under Contract
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
2 months ago
Listing updated with changes from the MLS®
5 months ago
Listing first seen on site
General Features
Acres
1.0868
Additional Property Use
Multi-FamilyResidential
Sewer
Public Sewer
Special Circumstances
Standard
Utilities
Natural Gas AvailableElectricity Available
Water Source
Public
Zoning
R1
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Exterior Features
Fencing
Wood
Lot Features
Level
Community Features
MLS Area
699 - Not Defined
School District
Palo Alto Unified
Schools
School District
Palo Alto Unified
Elementary School
Other
Middle School
Other
High School
Palo Alto
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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