Palo Alto, CA 94301,127 Lytton AVE
Palo Alto, CA 94301,127 Lytton AVE
Palo Alto, CA 94301,127 Lytton AVE
$4,000,000
Est. payment /mo
$4,998,000
20.0%
Est.Price: ?

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4,647 Sqft Lot
SOLD DATE : 12/29/2023

Key Details

Sold Price $4,000,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81927084

Sold Date 12/29/23

HOA Y/N No

Year Built 1946

Annual Tax Amount $39,955

Lot Size 4,647 Sqft

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.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning CD-C (P), Downtown Commer

Interior

Heating Central

Fireplace No

Exterior

Roof Type Bitumen,Elastomeric

Present Use Commercial

Building

Story 1

Water Public

Others

Tax ID 12025110

Financing Cash

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California Regional MLS (CRMLS)
Listed by Joshua Johnson • Marcus & Millichap
Bought with Dianne Millner • Millner Realty

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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