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429 Lambert Ave 7,417 SF Vacant Retail Building Palo Alto, CA 94306 For Sale
Investment Highlights
- Mixed Use – 7,417 sf commercial building and 2 homes on 0.46-acres.
- Numerous redevelopment projects including the Fry’s site are poised to transform the neighborhood.
- Well suited for car collectors, automotive enthusiasts, specialty auto service operators, or more traditional commercial uses.
- CS zoning permits commercial and mixed-use residential development.
- Fully remodeled commercial space featuring elevated finishes, wet bar and a custom car lift.
- Add value and income by rehabbing the vacant home at 447 Lambert.
Executive Summary
Located in Palo Alto just off El Camino Real, this approximately 7,417 square-foot commercial building, together with two residential buildings, sits on a 0.46-acre parcel
in a neighborhood experiencing meaningful transformation. Nearby redevelopment activity, including the Fry’s redevelopment and other emerging projects, is helping
reshape the surrounding area and enhance the long-term appeal of this well-positioned mixed-use location.
The property is currently occupied by auto repair and high-end automobile storage/showroom uses, making it particularly well suited for car collectors, automotive enthusiasts, specialty auto service operators, or more traditional commercial users seeking a functional and flexible facility in one of Silicon Valley’s most desirable markets.
With CS zoning that permits commercial and mixed-use residential development, the site offers multiple paths to value creation. A future owner may have the opportunity to
enhance income by rehabbing the vacant residential building, repositioning or occupying existing improvements, or pursuing a broader redevelopment strategy that capitalizes
on the property’s location, zoning flexibility, and ongoing neighborhood momentum.
in a neighborhood experiencing meaningful transformation. Nearby redevelopment activity, including the Fry’s redevelopment and other emerging projects, is helping
reshape the surrounding area and enhance the long-term appeal of this well-positioned mixed-use location.
The property is currently occupied by auto repair and high-end automobile storage/showroom uses, making it particularly well suited for car collectors, automotive enthusiasts, specialty auto service operators, or more traditional commercial users seeking a functional and flexible facility in one of Silicon Valley’s most desirable markets.
With CS zoning that permits commercial and mixed-use residential development, the site offers multiple paths to value creation. A future owner may have the opportunity to
enhance income by rehabbing the vacant residential building, repositioning or occupying existing improvements, or pursuing a broader redevelopment strategy that capitalizes
on the property’s location, zoning flexibility, and ongoing neighborhood momentum.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,417 SF
Building Class
C
Year Built/Renovated
1960/2005
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.46 AC
Zoning
CS - CS - Service Commercial
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 132-39-071 | Improvements Assessment | $492,328 |
| Land Assessment | $2,090,868 | Total Assessment | $2,583,196 |
Property Taxes
Parcel Number
132-39-071
Land Assessment
$2,090,868
Improvements Assessment
$492,328
Total Assessment
$2,583,196
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429 Lambert Ave
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