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$ 8,000,000
Est. payment | /mo
9,125 Sqft Lot
$ 8,000,000
Est. payment | /mo
9,125 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81959014
HOA Y/N No
Lot Size 9,125 Sqft
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CGH
Interior
Fireplace No
Exterior
Total Parking Spaces 7
Others
Tax ID 13711081
Virtual Tour https://www.virtualtourcafe.com/tour/10000026
Listed by Grail Nitsch • Legacy Real Estate & Associates
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Kris Rainwaters
REALTOR® | Lic# 02111780