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JLee Broker

[email protected] +1(650) 857-1000

Listed by Ken Kho, DRE #01759705 • Legacy Real Estate & Associates

$15,000,000

Est. payment - /mo

8,370 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 8,370 sqft

Price per Sqft $1,792

MLS Listing ID ML82055961

Year Built 1986

Lot Size 0.446 Acres

Property Sub-Type Commercial Property

Source MLSListings, Inc.

Property Description

Rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Approved for a boutique luxury senior living community comprising 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 3,000 square feet of ground-floor commercial space. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction. Ideally situated near Stanford University and Stanford Health Care, with convenient access to the region's premier medical, research, and technology institutions. Located in one of the nation's most affluent and supply-constrained senior housing markets, where opportunities for new senior living development are exceptionally limited. Strong demographic fundamentals and significant barriers to entry create a compelling long-term investment opportunity. Ideal for senior housing developers, healthcare organizations, family offices, institutional investors, or other qualified buyers seeking a premier development opportunity. Confidentiality agreement required for access to detailed information.

Location

State CA

County Santa Clara

Area South Palo Alto

Zoning CS

Interior

Heating Central Forced Air

Cooling Central AC, Multi-Zone

Exterior

Parking Features Common Parking Area, Parking Area

Garage Spaces 21.0

Utilities Available Public Utilities

Roof Type Other

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 147-03-040

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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824 San Antonio RD Palo Alto, CA 94303

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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