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Listed by Grail Nitsch • Legacy Real Estate & Associates
$8,000,000
Est. payment /mo
6,186 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,186 sqft
Price per Sqft $1,293
MLS Listing ID ML81959014
HOA Y/N No
Lot Size 9,126 Sqft
Property Sub-Type Business
Source Datashare MLSListings
Property Description
Building + 2 Businesses For Sale in A+ location. Incredible owner-user or investor opportunity in a high-traffic, A+ location. Sale includes a freestanding building and two well-established businesses: 1) Full-service Grocery Market 2)Flower & Gift Shop. Both businesses are thriving and open 7 days a week, offering: Fresh produce, frozen dinners, ice cream, wine & beer, household essentials, pots, flowers, and gifts. Additional revenue from ATM, liquor sales, lottery tickets, and a Village Post Office. Whether you're looking to operate turnkey or redevelop, this property delivers on all fronts. Perfect for mixed-use development. To properly calculate value, factor in the land, both businesses, and the vertical land rights. Most mix use development projects on El Camino Real are going at least 5 floors. Please have the buyer verify with the city of Palo Alto how high one can build at this location. Serious buyers only. NDA + Proof of Funds with all offers submitted. Schedule all appointments with agent. This sale of these two buildings includes the real estate which is a building with to APN Numbers. Seller willing to consider credits or concessions.
Location
State CA
County Santa Clara
Interior
Heating Electric
Cooling Other
Flooring Concrete
Fireplace No
Building
Water Public
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