1893 Woodland Avenue
East Palo Alto, CA 94303
1.13 acres | #ML81959779
Description
Attention Developers! This is an excellent and rare opportunity to establish a new subdivision in a prime location! Situated close to major employers such as Stanford University, Stanford Hospital, Meta Headquarters, Amazon EPA offices, and Palo Alto downtown, with easy access to Google, LinkedIn, and more. The property is located on the west side of Freeway 101, just off University Ave., and borders Palo Alto. The Conceptual Yield Study indicates a potential for 33-34 townhouse units or 44 apartment units. Originally a mobile home park, all utilities were connected to the property but were subsequently removed upon the closure of the park. The mobile home park has since been officially closed. Developers may have the opportunity to receive credits for utility connections and housing fees from the city of East Palo Alto. In addition, the subject property is assigned to Menlo-Atherton High School. It is primed and ready for redevelopment.
Property Details
- Utility FeaturesElectricityAvailable
- High SchoolMenlo-Atherton
- Sewer InformationPublicSewer
- Original List Price$6,399,000
- MLS #ML81959779
- MLS #ML81959779
- CountySan Mateo
- Property TypePurchase
- Cost6399000
- Utility SourcePublic
- Lot DescriptionLevel
- Acres1.126
- School DistrictOther
- Elementary SchoolOther
- Middle SchoolOther
- Property SubtypeLand
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Jenny Huang (#ML147379)
Listing Office: Coldwell Banker Realty (#ML37874)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
