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.
ML81959779
Land, Other
San Mateo
1.126
Acres
Public
Public Sewer
Electricity Available
School Information
Other
Other
Other
Menlo-Atherton
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Zoning
- R-MD-1
- Additional Exterior/Lot Features
- Level.
Financial Considerations
063501010
Arrows indicate 90 day trend
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