CA > Palo Alto
Palo Alto, CA 94301,70 Encina AVE
Palo Alto, CA 94301,70 Encina AVE
Palo Alto, CA 94301,70 Encina AVE
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Listed by Joshua Johnson • Marcus & Millichap
$8,650,000
Est. payment /mo
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0.28 Acres Lot
New

70 Encina AVE Palo Alto, CA 94301

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

+1(831) 877-2057

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Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82017280

Lot Size 0.278 Acres

Property Sub-Type Residential Development Land

Property Description

70 Encina Avenue represents the rare opportunity to obtain a fully approved and entitled development site in the heart of thriving Silicon Valley. Situated on a 0.278-acre site within the highly sought after city of Palo Alto, the subject offers the opportunity to develop an attached residential housing project in an unrivaled location. The property is adjacent to Town & Country Village, across the street from Stanford University, and a short distance from top high-tech employers, a vibrant downtown shopping district, and numerous recreation opportunities. The subject is approved for redevelopment with 10 townhouse-style residential condominiums contained in a three-story structure with at-grade parking. Floor plans include two-bedroom and three-bedroom residences. Eight of the units will be offered at market rate, with two units designated for below market rate buyers. The project is designed with private garages and direct access to all units, making it highly attractive to prospective homeowners.

Location

State CA

County Santa Clara

Area Stanford

Zoning CC

Exterior

Fence Chain Link, Complete Perimeter

Utilities Available Available - Not On Site, Public Utilities

Present Use Vacant

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 120-34-006

Horse Property No

Special Listing Condition Not Applicable

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