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249-251 California Ave 10,487 SF 100% Leased Retail Building Palo Alto, CA 94306 For Sale
Executive Summary
Address: 249-251 California Ave, Palo Alto, CA 94306
APN: 124-29-007
Building Size: ±10,000 Sq. Ft.
Parcel Size: ±11,326 Sq. Ft. / 0.26 Acre (Per Public Record)
Zoning: CC(2)(R)(P) - Community Commercial (2) (Retail & Pedestrian Shopping Combining Districts)
Parking: 5 Spaces
Price: Unpriced
Premier Properties, as the exclusive listing broker, is pleased to present the opportunity to acquire the retail building located at 249-251 California Ave, Palo Alto. This property is ideally situated in the heart of the California Ave Business District. It features two ground floor retail suites, occupied by FedEx and Nob Hill Hardware. The spaces boast high ceilings and large storefront windows. In addition to five on-site parking spaces, public street parking surrounds the building, which is just one block from the new public parking garage.
249-251 California Ave presents a great opportunity for an investor to purchase a fully-leased building in a bustling Palo Alto commercial district.
APN: 124-29-007
Building Size: ±10,000 Sq. Ft.
Parcel Size: ±11,326 Sq. Ft. / 0.26 Acre (Per Public Record)
Zoning: CC(2)(R)(P) - Community Commercial (2) (Retail & Pedestrian Shopping Combining Districts)
Parking: 5 Spaces
Price: Unpriced
Premier Properties, as the exclusive listing broker, is pleased to present the opportunity to acquire the retail building located at 249-251 California Ave, Palo Alto. This property is ideally situated in the heart of the California Ave Business District. It features two ground floor retail suites, occupied by FedEx and Nob Hill Hardware. The spaces boast high ceilings and large storefront windows. In addition to five on-site parking spaces, public street parking surrounds the building, which is just one block from the new public parking garage.
249-251 California Ave presents a great opportunity for an investor to purchase a fully-leased building in a bustling Palo Alto commercial district.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,487 SF
Building Class
B
Year Built
1951
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.93
Lot Size
0.26 AC
Zoning
CC2RP - Community Commercial
Frontage
92’ on CALIFORNIA AVE
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 124-29-007 | Improvements Assessment | $310,323 CAD |
| Land Assessment | $258,912 CAD | Total Assessment | $569,235 CAD |
Property Taxes
Parcel Number
124-29-007
Land Assessment
$258,912 CAD
Improvements Assessment
$310,323 CAD
Total Assessment
$569,235 CAD
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249-251 California Ave
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