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Listed by Jolaine & Jack Woodson • Compass
$ 10,000,000
Est. payment /mo
Contingent
578 Oregon AVE Palo Alto, CA 94301
1.09 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID ML81992737
Lot Size 1.087 Acres
Property Sub-Type Residential Development Land
Property Description
This is an exceptional opportunity in the sought-after Midtown neighborhood a 1.08-acre parcel offering immense redevelopment potential. Potentially requiring rezoning for Planned Community residential, this rare opportunity would transform this parcel. Currently configured with 8 tenant-occupied cottages, this property also presents subdivision possibilities, opening doors for a visionary development. Positioned in the heart of this highly sought-after area, the centrally located site offers close proximity to Stanford University, tech hubs, local parks and shops, plus acclaimed Palo Alto schools. It is an outstanding prospect for investors or developers who seek to capitalize on a rare chance to transform prime real estate in a coveted Silicon Valley location.
Location
State CA
County Santa Clara
Area Midtown
Zoning R1
Exterior
Fence Mixed Height / Type, Wood
Utilities Available Electricity - On Site, Gas - On Site, Natural Gas, Public Utilities
Present Use Multi-Family,Multiple Dwelling,Residential
Building
Lot Description Grade - Level, Possible Lot Split, Regular
Sewer Sewer - Public, Sewer Connected
Water Individual Water Meter, Public, Water On Site
Others
Tax ID 132-01-070
Horse Property No
Special Listing Condition Not Applicable
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