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
November 22, 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
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Data last updated 4:39 AM UTC, 11/22/2024