Investment Overview

PRIME PALO ALTO LOCATION Downtown Palo Alto is a regional shopping and dining destination, as well as major employment center. The property has an excellent location one block off University Avenue. The building is also a short distance from Stanford University, the Stanford Research Park, and Stanford Shopping Center. OFFICE/RESTAURANT COMMERCIAL BUILDING The building is configured with two tenant spaces. 127 Lytton Avenue is built out with office space and is currently vacant. 129 Lytton Avenue is leased to Darbar Indian Cuisine through April 2024; the tenant does not have any options to renew their lease. TRANSIT-ORIENTED SITE The site is one-half block from the Palo Alto Caltrain station and Palo Alto Transit Center, making the property easily accessible from public transit. The transit center has connections to VTA, SamTrans, AC Transit, Dumbarton Express, and Stanford Marguerite buses and shuttles. OWNER-OCCUPANCY AND REDEVELOPMENT POTENTIAL With one space currently vacant and the other on a short-term lease, the building has appeal to owner/users and value-add investors alike. Additionally, the property has the potential to be redeveloped at a higher density with a commercial or mixed-use project. EXCEPTIONAL INCOME DEMOGRAPHICS Palo Alto is one of the most affluent communities in the nation, with an average household income of $254,215. This compares to the national average household income of $96,357 and average household of $120,874 in the State of California.