558-560 Waverley St, PALO ALTO, CA

$21,999,000

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11,243

Square feet

0.14

Acres

About 558-560 Waverley St

Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sqft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot. Acclaimed restaurant occupies the first floor with a long-term lease. Exquisite traditional design with timeless trim work, moldings and paneling, recessed lighting, and sliding panels to create more intimate spaces for private dining. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless-steel counters and shelving; sinks and appliances including multiple ovens, gas burners, fryers, steamers and workstations. Large walk-in refrigerator and 2 large bathrooms.The second floor has 6,150 sqft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style. Remodeled kitchenette. Contemporary bathrooms with 3 stalls and elegant white, textured tiles. Blend of 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Abundance of natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity!

Features of 558-560 Waverley St

MLS® # ML81987991
Price $21,999,000
Square Footage 11,243
Acres 0.14
Year Built 1938
Type Common Interest
Sub-Type Commercial Property
Status Active

Community Information

Address 558-560 Waverley St
Area Downtown Palo Alto
City PALO ALTO
County Santa Clara
State CA
Zip Code 94301

Amenities

Utilities Public Utilities
Is Waterfront No

Interior

Heating Central Forced Air Heat
Cooling Central Air Conditioning
Fireplace No
# of Stories 2
Has Basement No

Exterior

Roof Other Roof
Foundation Concrete Slab, Other Foundation

School Information

Attendance Zone ADDISON ELEMENTARY SCHOOL, PALO ALTO HIGH SCHOOL, DAVID STARR JORDAN MIDDLE SCHOOL

Additional Information

Zoning CDCGP
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAnnie Watson
OfficeColdwell Banker Realty
Office Contact650-380-9898

Listing Map

Listing Schools/Amenities