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$3,300,000

Est. payment - /mo

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5,102 SqFt

Active

2220 University AVE East Palo Alto, CA 94303

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:00 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,102 sqft

Price per Sqft $646

MLS Listing ID ML81981182

HOA Y/N No

Year Built 2003

Annual Tax Amount $25,168

Lot Size 0.437 Acres

Property Description

Wonderful Opportunity in prime East Palo Alto location. Currently used as a very successful restaurant for more than 20 years, this property has many elements of success. The location is exceptional: minutes from Facebook/Meta HQ, Google Campus, Stanford University, Menlo College, and downtown Palo Alto. Highway 101 is two blocks away. San Francisco International Airport is 18.2 miles to the north, while downtown San Jose is 22.1 miles to the south. The primary tenant is a very successful full-service restaurant with expanded seating areas inside and out, a large kitchen area with 2 prep sites & 2 cooking sites, 2 walk-in refrigerators, multiple storage areas, 2 offices, and 2 restrooms for the clientele. The secondary is a church with capacity for approxiately 80 people. The space consists of a congregation area, a performance stage, a lighting & audio area, a kitchen/coffee bar area, a nursery, an office, and an outdoor area. The property will be delivered vacant at the close of escrow.

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning MUC-1

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Roof Type Flat

Present Use Place of Worship

Total Parking Spaces 26

Building

Story 1

Water Public

Others

Tax ID 063331410

Listed by Robert Godar • Intero Real Estate Services

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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