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$12,500,000
New Listing

640 Waverley Street
Palo Alto, CA 94301

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1,012
SqFt
$12,352
/SqFt
2026
Built
County:
Santa Clara
Listed by Frank De Bernardo of eXp Realty of Northern California, Inc. [email protected]
640 Waverley Street640 Waverley Street640 Waverley Street640 Waverley Street
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Monthly Payment (Est.)

$57,030
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$12,500,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,012 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1205 Acres
Year Built 
2026
MLS® Number 
ML82051028
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
3 hours agoListing updated with changes from the MLS®
11 hours agoListing first seen on site
General Features
Acres 
0.1205
Number Of Stories 
1
SqFt Total 
1012
Zoning 
CDC
Interior Features
Cooling 
Central Air
Heating 
Central
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Exterior Features
Roof 
Other
Community Features
MLS Area 
699 - Not Defined


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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