1893 Woodland Avenue

East Palo Alto, CA 94303

$6,399,000

List Price

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Property Description

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.

Listing Information

List Price $6,399,000
Status Active
MLS ML81959779
Type Land
Lot Size 49,049
Structure Size N/A
DOM 133
Courtesy Of Coldwell Banker Realty
Listing Agent Jenny Huang DRE#01362454

Interior Features

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Maps

Listing information courtesy of: Jenny Huang, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 4th, 2024 at 12:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.