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$ 8,000,000
Est. payment | /mo
6,186 SqFt
$ 8,000,000
Est. payment | /mo
6,186 SqFt
Key Details
Property Type Commercial
Sub Type Comm Bus Opp
Listing Status Active
Purchase Type For Sale
Square Footage 6,186 sqft
Price per Sqft $1,293
MLS Listing ID ML81959014
HOA Y/N No
Lot Size 9,126 Sqft
Acres 0.21
Property Sub-Type Comm Bus Opp
Property Description
Building + 2 Businesses For Sale in A+ location. Incredible owner-user or investor opportunity in a high-traffic, A+ location. Sale includes a freestanding building and two well-established businesses: 1) Full-service Grocery Market 2)Flower & Gift Shop. Both businesses are thriving and open 7 days a week, offering: Fresh produce, frozen dinners, ice cream, wine & beer, household essentials, pots, flowers, and gifts. Additional revenue from ATM, liquor sales, lottery tickets, and a Village Post Office. Whether you're looking to operate turnkey or redevelop, this property delivers on all fronts. Perfect for mixed-use development. To properly calculate value, factor in the land, both businesses, and the vertical land rights. Most mix use development projects on El Camino Real are going at least 5 floors. Please have the buyer verify with the city of Palo Alto how high one can build at this location. Serious buyers only. NDA + Proof of Funds with all offers submitted. Schedule all appointments with agent. This sale of these two buildings includes the real estate which is a building with to APN Numbers. Seller willing to consider credits or concessions.
Location
State CA
County Santa Clara
Zoning CGH
Interior
Heating Electric
Cooling Other
Flooring Concrete
Fireplace No
Building
New Construction No
Others
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Listed by Grail Nitsch • Legacy Real Estate & Associates