Rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Approved for a boutique luxury senior living community comprising 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 3,000 square feet of ground-floor… Read More commercial space. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction. Ideally situated near Stanford University and Stanford Health Care, with convenient access to the region's premier medical, research, and technology institutions. Located in one of the nation's most affluent and supply-constrained senior housing markets, where opportunities for new senior living development are exceptionally limited. Strong demographic fundamentals and significant barriers to entry create a compelling long-term investment opportunity. Ideal for senior housing developers, healthcare organizations, family offices, institutional investors, or other qualified buyers seeking a premier development opportunity. Confidentiality agreement required for access to detailed information. Read Less
Property listed by Legacy Real Estate & Associates, Ken Kho 310-259-7556
Listing Snapshot
Days Online
2
Last Updated
Square Ft.
8,370
Lot Size
0.45 Acres
Year Built
1986
MLS Number
ML82055961
Additional Details
Building
Built in 1986, 2 stories
Cooling
CentralAir
Heating
Central
Home Owner's Association
Association Fee: $0
Lot
0.4456 acres
Parking
21 total parking spaces
Taxes
Parcel Number: 14703040, Zoning: CS
Utilities
Water Source: Public
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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