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721 Colorado Ave 6,584 SF 100% Leased Office Building Palo Alto, CA 94303 For Sale
INVESTMENT HIGHLIGHTS
- Prime Midtown Palo Alto location surrounded by restaurants, retail, and daily-needs amenities, offering exceptional convenience for tenants/visitors.
- Flexible two-story layout with balcony access on the second floor and a mix of owner-user and short-term tenancy.
- Adjacent public parking lot allowing free all-day parking, creating a strong competitive advantage in a market where parking is limited.
- Positioned near major transportation corridors - Bayshore Freeway, Oregon Expy, and Alma Street with close proximity to Caltrain and three airports.
EXECUTIVE SUMMARY
Premier Properties and Colliers, as the exclusive listing brokers, are pleased to present the opportunity to acquire the two-story office building located at 721 Colorado Ave, Palo Alto. This Midtown property is partially occupied by the owner and partially by short-term tenants. The public parking lot adjacent to the property allows tenants and guests to park all day for free. The property boasts a balcony on the second floor and a prime location in Midtown, surrounded by restaurants and amenities.
721 Colorado Ave presents an excellent investment or owner-user opportunity to purchase a building consisting entirely of office space in this resilient Palo Alto submarket.
721 Colorado Ave presents an excellent investment or owner-user opportunity to purchase a building consisting entirely of office space in this resilient Palo Alto submarket.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,584 SF
Building Class
C
Year Built
1964
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,292 SF
Building FAR
1.01
Lot Size
0.15 AC
Zoning
CN - Neighborhood Commercial
Parking
17 Spaces (2.58 Spaces per 1,000 SF Leased)
AMENITIES
- Natural Light
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 127-34-091 | Improvements Assessment | $665,139 |
| Land Assessment | $167,955 | Total Assessment | $833,094 |
PROPERTY TAXES
Parcel Number
127-34-091
Land Assessment
$167,955
Improvements Assessment
$665,139
Total Assessment
$833,094
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721 Colorado Ave
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