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.
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Listing Snapshot
Price
$6,399,000
Days On Site
41 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.126 Acres
Year Built
N/A
MLS® Number
ML82010330
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
1.126
Sewer
Public Sewer
Special Circumstances
Standard
Water Source
Public
Zoning
R-MD-1
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Exterior Features
Lot Features
Level
Community Features
MLS Area
699 - Not Defined
School District
Other
Schools
School District
Other
Elementary School
Other
Middle School
Unknown
High School
Menlo-Atherton
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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