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Listed by Bayview Residential Brokerage
$ 2,990,000
Est. payment | /mo
21,646 SqFt
$ 2,990,000
Est. payment | /mo
21,646 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 21,646 sqft
Price per Sqft $138
MLS Listing ID ML82043142
HOA Y/N No
Lot Size 2.730 Acres
Property Sub-Type Business
Source Datashare MLSListings
Property Description
This strategically located grocery store presents an outstanding investment opportunity in the highly desirable Santa Clara County market, serving the affluent and dynamic Palo Alto community. Positioned within a vibrant commercial corridor, the business benefits from consistent foot traffic and a loyal customer base, including professionals from the surrounding technology sector. This is a full-service grocery operation offering a wide selection of fresh produce, a fully equipped deli with prepared foods, an in-house bakery, and a comprehensive assortment of beer, wine, and spirits. The store has built a strong reputation for quality products, diverse inventory, and dependable customer service, contributing to its established presence in the local market. The business generates approximately $9,500,000 in annual gross revenue, reflecting solid performance and strong market positioning. This is a full-service grocery operation offering a wide selection of fresh produce, a fully equipped deli with prepared foods, an in-house bakery, and a comprehensive assortment of beer, wine, spirits and wine tasting license. Store has built a strong reputation for quality products, diverse inventory, and dependable customer service, contributing to its established presence in the local market.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Fireplace No
Building
Water Public
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Qayes Abdulla
REALTOR® Lic# DRE# 02150727