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1201 Runnymede St
East Palo Alto, CA 94303
Land For Sale · 0.93 AC

Investment Highlights

  • Site offers easy access to major highway including HWY 101 and the Dumbarton Bridge
  • Designated 2 star residential land
  • Location is a short distance from prestigious educational Institutions such as Stanford University
  • Property is approved for the development of 20 townhouses
  • Real estate values in the East Palo Alto area show robust growth with strong demand for indicating a solid potential for return on investment

Property Facts

Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Apartment Units
  • Apartment Units - Condo
  • Hold For Development
Total Lot Size 0.93 AC
Zoning R10025

Description

The 1201 Runnymede St parcel offers a rare development opportunity in the thriving East Palo Alto area. This site is prepared for a sophisticated 20-unit townhouse project, drawing in prospective residents with its proximity to notable Silicon Valley landmarks and businesses. The property is enriched by the nearby presence of Stanford University, IKEA, and the Ravenswood Shopping Center, fostering a vibrant local economy. Essential access points such as the Dumbarton Bridge and Highway 101 provide seamless integration with the greater San Francisco Bay Area, ensuring connectivity and convenience.

Property Taxes

Property Taxes

Parcel Number
063-271-090
Land Assessment
$6,135,353
Improvements Assessment
$0
Total Assessment
$6,135,353
  • Listing ID: 31601697

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 1201 Runnymede St, East Palo Alto, CA 94303

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