721 Colorado Ave - Office FOR SALE


Palo Alto, CA 94303- Midtown Palo Alto
$6,500,000 USD
650-618-3003
721 Colorado Ave, Palo Alto, CA for Sale
$6,500,000 USD
Office - FOR SALE
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null | Request Cap Rate

721 Colorado Ave
Palo Alto, CA 94303
Midtown Palo Alto


OVERVIEW

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

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$987 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C2

APN/PARCEL ID

127-34-091

ASK ABOUT THIS PROPERTY

Jon GoldmanPremier Property ManagementMore Info
650-618-3003

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Jon GoldmanPremier Property ManagementMore Info
650-618-3003

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