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2450 Pulgas Ave 44,778 SF Industrial Building Palo Alto, CA 94303 For Sale
INVESTMENT HIGHLIGHTS
- 3.17 Acre Industrial Site
- Large, Contiguous Parcel
- Mini-Storage w/ CUP
- Redevelopment or Repositioning Opportunity
- (5) Drive-in laoding doors
EXECUTIVE SUMMARY
The property is currently operated by a long-standing steel manufacturing company that is in the process of winding down operations, creating a rare opportunity to acquire a large, contiguous industrial site in East Palo Alto.
The site consists of a 3.17-acre parcel improved with a 44,778 SF metal warehouse and is fully fenced and paved.
The property is zoned R-EC (Ravenswood Employment Center), which supports a wide range of employment-generating uses including R&D, light industrial, manufacturing, distribution, non-profit, and community-serving uses. Multifamily residential use is not permitted.
MINI-STORAGE IS PERMITTED subject to approval of a Conditional Use Permit (CUP), providing a potential redevelopment or interim-use path for a buyer.
The scale of the site, zoning flexibility, and proximity to major employment centers make this a compelling opportunity for developers seeking long-term repositioning or redevelopment within the Ravenswood Employment Center.
The site consists of a 3.17-acre parcel improved with a 44,778 SF metal warehouse and is fully fenced and paved.
The property is zoned R-EC (Ravenswood Employment Center), which supports a wide range of employment-generating uses including R&D, light industrial, manufacturing, distribution, non-profit, and community-serving uses. Multifamily residential use is not permitted.
MINI-STORAGE IS PERMITTED subject to approval of a Conditional Use Permit (CUP), providing a potential redevelopment or interim-use path for a buyer.
The scale of the site, zoning flexibility, and proximity to major employment centers make this a compelling opportunity for developers seeking long-term repositioning or redevelopment within the Ravenswood Employment Center.
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Signage
1 1
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $373,802 (2025) | |
| Land Assessment | $190,705 (2025) | Total Assessment | $564,507 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$190,705 (2025)
Improvements Assessment
$373,802 (2025)
Total Assessment
$564,507 (2025)
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2450 Pulgas Ave
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