1900 Embarcadero Rd 25,303 SF Vacant Office Building Palo Alto, CA 94303 For Sale
INVESTMENT HIGHLIGHTS
- Capital, talent, research, and an educational institution intersect to form an invigorating environment for company building and investing.
- Redevelopment into townhomes could be a viable strategy, aligning with emerging trends in the SF Peninsula.
- The site presents an opportunity to be repositioned as a school, capitalizing on the growing demand for this specialized market.
- The existing building offers ample parking with 2.96 spaces per 1,000 square feet.
EXECUTIVE SUMMARY
CBRE, is pleased to market the opportunity to purchase a ±25,303 square foot multi-tenant office building in Palo Alto. The site is conveniently located across the street from the Baylands Golf Links and the Palo Alto Airport. The property is currently 35% occupied with a weighted average remaining lease term (WALT) of 1.43 years. This low occupancy and WALT give an investor or owner-user the ability to reposition or redevelop the asset. A school or townhouse use is possible with a conditional use permit and/or entitlements.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
25,303 SF
Building Class
B
Year Built/Renovated
1974/2010
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,652 SF
Slab To Slab
9’
Building FAR
0.51
Lot Size
1.14 AC
Zoning
ROLM (E) (D) (AD) - Intended for office, research, and limited manufacturing uses in a park-like environment.
Parking
75 Spaces (2.96 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Property Manager on Site
- Energy Star Labeled
- Bicycle Storage
- Natural Light
- Shower Facilities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 008-03-071 | Improvements Assessment | $4,892,168 |
| Land Assessment | $11,036,563 | Total Assessment | $15,928,731 |
