




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.
Bedrooms
7
Bathrooms
7
Square Feet
10,603
Lot Size
5,250 sqft
Year Built
2026
Days on Market
0
HOA Fee
N/A
Garage Total
7
MLS #
ML82057145
Cooling
Central Air
Heating
Central
Garage Spaces
7
Attached Garage
Yes
Foundation
Permanent
Roof
Other
Sewer
Public Sewer
$0
| Rating | School Name |
|---|---|
N/A | GUIDEPOST MONTESSORI Private School |
N/A | ODYSSEY MONTESSORI Private School |
10 | Addison Elementary Elementary School |
N/A | CASTILLEJA SCHOOL Private School |
10 | Palo Alto High High School |
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features