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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.

Features
: Central
1
Additional Information
Marcus & Millichap
0
ML5083433
ML88226
Joshua
12025110

Commercial Sale For Sale

127 Lytton Avenue, Palo Alto, California 94301

4,650 Sqft
$7,100,000
Listing ID #ML81927084
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : ML81927084
Price : $7,100,000
Living Area : 4,650 Sqft
Year Built : 1946
Country : US
State : California
County : Santa Clara
City : Palo Alto
Zipcode : 94301
Price Per Square Foot : $1,527
ModificationTimestamp : 2023-05-04 17:40:21
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