This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
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Listing Snapshot
Price
$12,500,000
Days On Site
56 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1211 Acres
Year Built
N/A
MLS® Number
ML82048326
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Additional Property Use
Residential
Cross Street
Forest Avenue
Disclosures
Natural Hazard Disclosure
Property Sub Type
Unimproved Land
Sewer
Public Sewer
Water Source
Public
Zoning
CDC
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Fencing
Partial
Lot Features
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Community Features
School District
Palo Alto Unified
Schools
School District
Palo Alto Unified
Elementary School
Addison Elementary
Middle School
Frank S. Greene Middle
High School
Palo Alto High
Listed by of Frank De Bernardo of eXp Realty of Northern California, Inc. (831) 901-2324
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, MLS Listings, Inc..
Last checked: 2026-07-18 02:42 AM UTC
Neighborhood & Commute
Source: Walkscore
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