Sold

127 Lytton AVE

PALO ALTO CA, 94301

$4,000,000


$860.22 per sqft

Sold

4,650 sqft

Commercial

Built in 1946

Listed by Marcus & Millichap, Joshua Johnson, David Cutler Listing Contact: 6503911784

The property has an excellent location one block off University Avenue in downtown Palo Alto. The building is also a short distance from Stanford University, the Stanford Research Park, and Stanford Shopping Center. The building is configured with two tenant spaces. 127 Lytton Avenue is built out with office space and is currently vacant; 129 Lytton Avenue is leased to Darbar Indian Cuisine through April 2024. The site is one-half block from the Palo Alto Caltrain station and Palo Alto Transit Center, making the property easily accessible from public transit. The transit center has connections to VTA, SamTrans, AC Transit, Dumbarton Express, and Stanford Marguerite buses and shuttles. With one space currently vacant and the other on a short-term lease, the building has appeal to owner/users and value-add investors alike. Additionally, the property has the potential to be redeveloped at a higher density with a commercial or mixed-use project.

ML81927084

MLS ID

October 1, 2024

Updated

Map

127 Lytton AVE
PALO ALTO CA, 94301

Interior Features

Total Stories

1


Interior Features

Carpet, Laminate, Tile


Floor Description

Carpet, Laminate, Tile


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.11 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Downtown Palo Alto


Garage

No


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

CD-C (P), Downtown Commercial (Community)

Listing History

Date

Event

Price

12/30/2023

Price change

$4,000,000

-20%

12/30/2023

Sold

$4,000,000

12/28/2023

Under contract

Listed by Marcus & Millichap, Joshua Johnson, David Cutler
Listing Contact: 6503911784 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Resolve Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than The Resolve Group are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 7:08 PM UTC, 10/1/2024

 

 

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