824 San Antonio Rd - Palo Alto Luxury Senior Living Development 0.45 Acres of Commercial Land Offered at $15,000,000 in Palo Alto, CA 94303

824 San Antonio Road presents a rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction while significantly reducing development risk.
The approved project comprises a boutique luxury senior living community featuring 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 2,948 square feet of ground-floor retail space. The approved plans include approximately 48,465 square feet of gross building area, including underground parking, approximately 35,698 square feet of residential area, thoughtfully designed common areas, and resident amenities.
Located near Stanford University and Stanford Health Care, the property benefits from one of the nation's most affluent and supply-constrained senior housing markets. Strong demographic fundamentals, significant barriers to entry, and limited opportunities for new senior living development create a compelling long-term investment opportunity.
The property is currently improved with an approximately 8,676-square-foot two-story commercial building consisting of ground-floor retail and second-floor office space. The existing improvements provide the opportunity to generate interim income while permitting, financing, and pre-construction activities are completed, creating an attractive covered land investment.
This offering is ideally suited for senior housing developers, healthcare organizations, institutional investors, family offices, and other qualified purchasers seeking a premier Silicon Valley development opportunity. Fully entitled senior living development sites in Palo Alto are exceptionally rare, making this a unique opportunity to acquire a high-quality project with years of entitlement work already completed.
Investment Highlights
• Fully entitled luxury senior living development opportunity
• Approved 27-unit boutique senior living community
• Approximately 48,465 SF approved development
• Approximately 35,698 SF residential area
• Approximately 2,948 SF ground-floor retail space
• Existing 8,676 SF two-story commercial building with interim income potential
• Prime Palo Alto location near Stanford University and Stanford Health Care
• Significant barriers to entry with limited future competing supply
• Covered land investment with redevelopment flexibility
• Confidential Offering Memorandum available upon execution of a Confidentiality Agreement.