Premier Properties and Colliers, as the exclusive listing brokers, are pleased to present the opportunity to acquire the two-story office building located at 721 Colorado Ave, Palo Alto. This Midtown property is partially occupied by the owner and partially by short-term tenants. The public parking lot adjacent to the property allows tenants and guests to park all day for free. The property boasts a balcony on the second floor and a prime location in Midtown, surrounded by restaurants and amenities.
721 Colorado Ave presents an excellent investment or owner-user opportunity to purchase a building consisting entirely of office space in this resilient Palo Alto submarket.
APN: 127-34-091
Building Size: ±6,584 Sq. Ft.
Parcel Size: ±6,970 Sq. Ft. / 0.16 Acre (Per Public Record)
Zoning: CN (Neighborhood Commercial)
Price: $6,500,000