558560 Waverley Street, Palo Alto, CA 94301

• 11,243 sqft

Property Description

Luxury Live Auction! Bidding to start from $10,000,000.00! Prime mixed-use building with established tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sq ft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot. Acclaimed high end restaurant occupies the first floor with a long-term lease. Exquisite timeless design. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless steel counters and shelving; sinks and appliances including multiple ovens, gas burners, fryers, steamers and wok stations. Large walk-in refrigerator and 2 large bathrooms. The second floor has 6,150 sq ft office space with separate entrance; was recently remodeled with wide-plank floors, high ceilings, modern industrial style with exposed ducts and beams. Remodeled kitchenettes and bathrooms. 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Natural light throughout. Stairwells at front and back. Don't miss this exceptional investment opportunity!

Listing Status:

Active

Date Added:

October 9, 2025 at 05:00AM

Listing Office:

Coldwell Banker Realty : (650) 325-6161

Listing Agent:

Annie Watson : 650-862-5506

MLS ID:

ML82024271

Interior

• A/C: Central Air
• Heating: Central

Exterior

• Parking: Parking spaces: 0

Construction

• Roofing: Other
• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_MLSL
• County: Santa Clara

Lot

• Zoning: CDCGP12015085
• Current Use: Commercial

Utilities

• Water: Public

Financial

• Source: CRMLS_MLSL

This listing courtesy of Annie Watson, Coldwell Banker Realty