Flexible-use property in the sought-after College Terrace neighborhood. Walking distance to Stanford University and California Avenue. Existing 5,241-square-foot parcel consists of a two-room store-front office, one-bedroom apartment, plus studio and a detached three-car garage. Zoned RMD (NP) which means two-unit multiple-family residential with neighborhood preservation combining district.
Permissible uses of the property include single-family home with an ADU, or two townhouses. Based on the 5,241-square-foot lot size, the total allowable floor area is 2,620 square feet, plus 200 square feet for the second unit’s covered parking, or plus 800 square feet for an ADU. We recommend that all potential buyers check with the City of Palo Alto to verify the above information.
Offered at: $2,400,000