127 Lytton Avenue

Palo Alto, CA 94301

$4,000,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $860 / sqft

1946

calendar_month Built

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.

Listing Information

Close Price $4,000,000
Close Date Friday, December 29th, 2023
Status Closed
MLS ML81927084
Type Commercial
Year Built 1946
Lot Size N/A
Structure Size N/A
DOM 238
Courtesy Of Marcus & Millichap
Listing Agent Joshua Johnson DRE#01930127
Co-Listing Agent David Cutler DRE#01514751

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Joshua Johnson, David Cutler, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 29th, 2023 at 6:54 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.