824 San Antonio RD, Palo Alto, CA 94303
- $15,000,000
- List Price
- $15,000,000
- MLS#
- ML82055961
- Status
- ACTIVE
- Property Type
- com
- Listing Area
- South Palo Alto
- Year Built
- 1986
Property Description
Rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Approved for a boutique luxury senior living community comprising 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 3,000 square feet of ground-floor commercial space. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction. Ideally situated near Stanford University and Stanford Health Care, with convenient access to the region's premier medical, research, and technology institutions. Located in one of the nation's most affluent and supply-constrained senior housing markets, where opportunities for new senior living development are exceptionally limited. Strong demographic fundamentals and significant barriers to entry create a compelling long-term investment opportunity. Ideal for senior housing developers, healthcare organizations, family offices, institutional investors, or other qualified buyers seeking a premier development opportunity. Confidentiality agreement required for access to detailed information.
Additional Information
- Age
- 40
- Building Name
- 1
- Cooling System
- Central AC, Multi-Zone
- Foundation
- Concrete Slab
- Garage Parking
- Common Parking Area, Parking Area
- Heating System
- Central Forced Air
- County
- Santa Clara
- Neighborhood
- South Palo Alto
- Other Utilities
- Public Utilities
- Present Use
- Business/Professional, Retail
- Roof
- Other
- Sewer
- Sewer - Public
- Special Features
- Parking
- Zoning
- CS
Mortgage Calculator
Listing courtesy of Ken Kho from Legacy Real Estate & Associates. 510-396-5408
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