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Executive Summary

Newmark, as exclusive marketing advisors, are pleased to present the opportunity to
acquire the 100% fee simple interest in 317 1st Street in the heart of Downtown Los
Altos. The parcel represents a rare opportunity to purchase an income generating
property with great redevelopment possibilities. The parcel totals ±7,100 square
feet (50’ x 142’) of land in downtown Los Altos. The property benefits from a stable
income stream, and excellent zoning that allows for a new development to higher
density (mixed use or residential). Additionally, the property is located across from
the Draegers’s open parking lot, and the rear of the property faces the open parking
lots at 320 Second Street and 280 Second Street – keeping all views in place for
any future development. This site is ideally situated on the “downtown side of 1st
Street” – with easy access to San Antonio Road and W. Edith Street (one of the main
intersections to enter/exit downtown Los Altos). The subject property is in a perfect
location that allows for a short walk to the downtown amenities on State Street & Main
Street. Downtown Los Altos is home to a diverse mix of restaurants, coffee shops, fitness
studios, financial services, among others.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,500 SF
Building Class
C
Year Built
1962
Price
$6,213,663 CAD
Price Per SF
$2,485.47 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.16 AC
Zoning
CRS - Commercial Industrial
Parking
6 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
31’ on 1st St

Amenities

  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Tire Choice Auto Service Centers offers complete care for your car, truck, SUV or van, including scheduled maintenance, repairs and, of course, tires. Tire Choice Auto Service Centers teammates are some of the most knowledgeable and helpful professionals in the industry. They have one mission: to help maintain their clients vehicles as if it were their own. Tire Choice Auto Service Centers carries all major tire brands and their 30-day ride and price guarantee ensures that their clients are completely satisfied with their tires. As one of the nation’s largest independent tire dealers, they are experts at fitting and installing the right tires for any vehicle. As part of the Monro, Inc. family of brands, there are hundreds of stores conveniently located across the United States.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Services - $9.99 Lorem Ipsum Jan 0000
Exceptionally walkable
90/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100

Nearby Major Retailers

Jazzercise
Starbucks
Charles Schwab
Bank of America
Chase Bank
Bank of Montreal
Citi
Peet's Coffee
Safeway
Poppy Bank

Property Taxes

Property Taxes

Parcel Number
167-40-051
Land Assessment
$4,686,939 CAD
Improvements Assessment
$814,163 CAD
Total Assessment
$5,501,102 CAD
  • Listing ID: 39463503

  • Date on Market: 2026-02-17

  • Last Updated:

  • Address: 317 1st St, Los Altos, CA 94022

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