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1893 Woodland Ave 1.07 Acres of Residential Land Offered at $8,821,021 CAD in East Palo Alto, CA 94303

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INVESTMENT HIGHLIGHTS

  • Situated close to major employers such as Stanford, Meta Headquarters, Amazon EPA offices, Google, Intuit, Linkedin, and Palo Alto Downtown.
  • Developers may have the opportunity to receive credits for utility connections and housing fees from the city of East Palo Alto.
  • Opportunity Zone designation, offering potential tax benefits to investors.
  • The Conceptual Yield Study indicates a potential for 33-34 townhouse units or 44 apartment units.
  • Easy regional access—located just off University Ave. and West of Hwy-101.
  • Previously fully-serviced site, with utilities historically available.

EXECUTIVE SUMMARY

Attention Developers! This is an excellent and rare opportunity to establish a new subdivision in a prime location! Situated close to major employers such as Stanford University, Stanford Hospital, Meta Headquarters, Amazon EPA offices, and Palo Alto downtown, with easy access to Google, LinkedIn, and more. The property is located on the west side of Freeway 101, just off University Ave., and borders Palo Alto. The Conceptual Yield Study indicates a potential for 33-34 townhouse units or 44 apartment units, a strong feasibility for medium-density residential development, including options for townhomes or a 4-story multifamily configuration. Originally a mobile home park, all utilities were connected to the property but were subsequently removed upon the closure of the park. The mobile home park has since been officially closed. Developers may have the opportunity to receive credits for utility connections and housing fees from the city of East Palo Alto due to the property's prior operational use. In addition, the subject property is assigned to Menlo-Atherton High School. It is primed and ready for redevelopment. This property has exceptional access to major employment hubs, transportation corridors, and community amenities, strengthening its investment profile, positioning the property as a turnkey development site ready for entitlement and design.

PROPERTY FACTS

Price $8,821,021 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Planned Unit Development
Total Lot Size 1.07 AC
Opportunity Zone Yes
Zoning R-MD-1 - Residential Medium Density

1 LOT AVAILABLE

Lot

Price $8,821,021 CAD
Price Per AC $8,243,945.24 CAD
Lot Size 1.07 AC

This redevelopment opportunity sits on 1893 Woodland Ave in East Palo Alto, directly off University Avenue and west of Hwy 101. Formerly a mobile home park, is fully cleared, level, and primed for construction, with easy utility connection.

DESCRIPTION

1893 Woodland Avenue presents a rare and highly sought-after development opportunity in the heart of Silicon Valley. This level, build-ready site spans approximately 1.07 acres and sits just off University Avenue on the west side of Highway 101, directly bordering Palo Alto. Its strategic location offers exceptional proximity to premier employers including Stanford University, Stanford Hospital, Meta Headquarters, Amazon EPA offices, Google, LinkedIn, and the vibrant downtown Palo Alto corridor. Previously operating as a mobile home park, the property once had full utility services in place; while utilities were removed upon park closure, this prior connection may allow developers to pursue valuable credits for utility hookups and housing fees through the City of East Palo Alto. Backed by detailed Conceptual Yield Studies from the included development materials, the site demonstrates the potential to accommodate 33–34 townhomes or 44 multifamily units, positioning it as an ideal canvas for residential redevelopment. With its flat topography, convenient access, and assignment to the well-regarded Menlo-Atherton High School district, the property offers a compelling blend of locational strength and design flexibility that aligns with the ongoing demand for new housing in one of the nation’s most dynamic markets.

  • Listing ID: 31346812

  • Date on Market: 2024-03-27

  • Last Updated:

  • Address: 1893 Woodland Ave, East Palo Alto, CA 94303

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