Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
0.2782 acres
70 Encina Avenue represents the rare opportunity to obtain a fully approved and entitled development site in the heart of thriving Silicon Valley. Situated on a 0.278-acre site within the highly sought after city of Palo Alto, the subject offers the opportunity to develop an attached residential housing project in an unrivaled location. The property is adjacent to Town & Country Village, across the street from Stanford University, and a short distance from top high-tech employers, a vibrant downtown shopping district, and numerous recreation opportunities. The subject is approved for redevelopment with 10 townhouse-style residential condominiums contained in a three-story structure with at-grade parking. Floor plans include two-bedroom and three-bedroom residences. Eight of the units will be offered at market rate, with two units designated for below market rate buyers. The project is designed with private garages and direct access to all units, making it highly attractive to prospective homeowners.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.2782
-
Property Type
Land
Price
-
Sales Price
$8,650,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
Other
-
Middle School
Other
-
High School
Palo Alto
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Santa Clara
Elementary School
Other
Middle School
Other
High School
Palo Alto
Listing Courtesy of Joshua Johnson , Marcus & Millichap
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