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Listed by Legacy Real Estate & Associates
$ 15,000,000
Est. payment | /mo
8,370 SqFt
$ 15,000,000
Est. payment | /mo
8,370 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 8,370 sqft
Price per Sqft $1,792
MLS Listing ID ML82055961
HOA Y/N No
Year Built 1986
Lot Size 0.446 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
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
Interior
Fireplace No
Building
Water Public
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Qayes Abdulla
REALTOR® Lic# DRE# 02150727