About 510 Waverley Street
Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.
Features of 510 Waverley Street
| MLS® # | ML82064622 |
|---|---|
| Price | $3,450,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,570 |
| Lot Size | 4,895 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 510 Waverley Street |
|---|---|
| Area | 699 - Not Defined |
| City | Palo Alto |
| County | Santa Clara |
| Zip Code | 94301 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Composition |
|---|
School Information
| District | Palo Alto Unified |
|---|
Additional Information
| Date Listed | October 14th, 2026 |
|---|---|
| Days on Market | 1 |
| Zoning | CDC(P) |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | David O'such |
|---|---|
| Office | Cornish & Carey Commercial |