317 1st St 2,500 SF Retail Building Los Altos, CA 94022 $6,301,675 CAD ($2,520.67 CAD/SF)

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.