414 S California Ave - Bank FOR SALE


Palo Alto, CA 94306
$6,950,000 USD
408-477-2508
414 S California Ave, Palo Alto, CA for Sale
$6,950,000 USD
Bank - FOR SALE
1/7
null | Request Cap Rate

414 S California Ave
Palo Alto, CA 94306


HIGHLIGHTS

  • Former Freestanding Bank of the West Building For Sale or For Lease
  • 6,195 SF Owner User/Investment Opportunity | Large 19 Car Parking Lot
  • The Property is Currently in Grey Shell Condition
  • Located on California Ave off El Camino Real - Extremely High Barrier to Entry Market
  • CC(2)(R)(P) Zoning: Retail Services, Bank, Animal Care Excluding Boarding & Kennels, Day Care Centers
  • Extremely Strong Demographics with Household Incomes in Excess of $168,000 in a 1-Mile Radius

OVERVIEW

FORMER FREESTANDING BANK OF THE WEST BUILDING FOR SALE OR FOR LEASE - 6,195 SF OWNER USER/INVESTMENT OPPORTUNITY WITH LARGE 19 CAR PARKING LOT. Extremely rare opportunity for an Owner User/Investor to acquire a 6,195 SF freestanding vacant former bank building on a large 16,231 square foot parcel with a 19-car parking lot. The property is also available for lease at $5.00 SF NNN. The property is currently in grey shell condition. The property is located on California Avenue off El Camino Real, extremely high barrier to entry market. The property is in the CC(2)(R)(P) zoning designation which allows for uses such as educational facilities, religious institutions, professional and general business offices, retail services, animal care – excluding boarding and kennels, day care centers, banks and financial services, personal services, and medical offices with a CUP. The CC community commercial district is intended to create and maintain major commercial centers accommodating a broad range of office, retail sales, and other commercial activities. Extremely strong demographics with household incomes in excess of $168,000 in a 1-mile radius.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$1,122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Bank of the West Bldg. For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Day Care Center, Freestanding, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,231 SF

ZONING

CC, CC(2)(R)(P) Palo Alto

APN/PARCEL ID

124-32-040

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-477-2508

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David TaxinMeacham OppenheimerMore Info
408-477-2508

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.