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$3,300,000
$3,300,000
Est. payment /mo
0.44 Acres Lot
Sold on 12/20/2024
2220 University AVE East Palo Alto, CA 94303
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Key Details
Sold Price $3,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81981182
Year Built 2003
Annual Tax Amount $25,168
Lot Size 0.437 Acres
Property Description
Wonderful Opportunity in prime East Palo Alto location. Currently used as a very successful restaurant for more than 20 years, this property has many elements of success. The location is exceptional: minutes from Facebook/Meta HQ, Google Campus, Stanford University, Menlo College, and downtown Palo Alto. Highway 101 is two blocks away. San Francisco International Airport is 18.2 miles to the north, while downtown San Jose is 22.1 miles to the south. The primary tenant is a very successful full-service restaurant with expanded seating areas inside and out, a large kitchen area with 2 prep sites & 2 cooking sites, 2 walk-in refrigerators, multiple storage areas, 2 offices, and 2 restrooms for the clientele. The secondary is a church with capacity for approxiately 80 people. The space consists of a congregation area, a performance stage, a lighting & audio area, a kitchen/coffee bar area, a nursery, an office, and an outdoor area. The property will be delivered vacant at the close of escrow.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning MUC-1
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Flat
Building
Story 1
Water Public
Listed by Robert Godar • Intero Real Estate Services
Bought with RECIP
Bought with RECIP