127 Lytton Avenue, Downtown North, Palo Alto, CA 94301

Downtown North, Palo Alto, CA 94301
$4,998,000
Commercial / Office

AGENTS

Bachir Oueida
  • Licensed Real Estate Salesperson
  • DRE #: 00936311
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Source of Data:
MLS Listings
MLS Listings

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.
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PROPERTY DETAILS

  • Interior
    4,650 Sq Ft.
  • Exterior
    .11 Acres
  • Property Type
    Commercial / Office
  • Year Built
    1946
  • MLS/Listing ID
    ML81927084
  • Days On Market
    148

BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of Marcus & Millichap, Joshua Johnson - joshua.johnson@marcusmillichap.com