CA > Palo Alto
Palo Alto, CA 94301,70 Encina AVE
Palo Alto, CA 94301,70 Encina AVE
Palo Alto, CA 94301,70 Encina AVE
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$6,000,000
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0.28 Acres Lot
Price Dropped by $2.6M

70 Encina AVE Palo Alto, CA 94301

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82017280

HOA Y/N No

Lot Size 0.278 Acres

Property Description

70 Encina Avenue represents the rare opportunity to obtain a fully approved and entitled development site in the heart of thriving Silicon Valley. Situated on a 0.278-acre site within the highly sought after city of Palo Alto, the subject offers the opportunity to develop an attached residential housing project in an unrivaled location. The property is adjacent to Town & Country Village, across the street from Stanford University, and a short distance from top high-tech employers, a vibrant downtown shopping district, and numerous recreation opportunities. The subject is approved for redevelopment with 10 townhouse-style residential condominiums contained in a three-story structure with at-grade parking. Floor plans include two-bedroom and three-bedroom residences. Eight of the units will be offered at market rate, with two units designated for below market rate buyers. The project is designed with private garages and direct access to all units, making it highly attractive to prospective homeowners.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning CC

Interior

Fireplace No

Exterior

Fence Chain Link

View Y/N No

Building

Lot Description Level

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Palo Alto

School District Palo Alto Unified

Others

Tax ID 12034006

Special Listing Condition Standard

CRMLS – RECore
Listed by Joshua Johnson Marcus & Millichap

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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