About this home
This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.
- Property type
- Commercial Property
- Lot size
- 5,250 sq ft
- Status
- Active
Listed by Frank De Bernardo, eXp Realty of Northern California, Inc.. Source: MLSL. MLS #ML82051028.
Updated 9/20/2026, 9:00:55 PM PT.
MLSListings Inc. reserves the right to change details in this publication without notice. Although every precaution has been taken in the preparation of this document, MLSListings assumes no responsibility for errors or omissions. The publication and features described in this document are subject to change without notice.