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1201 Runnymede St
0.93 Acres of Residential Land Offered at $4,250,000 in East Palo Alto, CA 94303
Investment Highlights
- Site offers easy access to major highway including HWY 101 and the Dumbarton Bridge
- Designated 2 star residential land
- Location is a short distance from prestigious educational Institutions such as Stanford University
- Property is approved for the development of 20 townhouses
- Real estate values in the East Palo Alto area show robust growth with strong demand for indicating a solid potential for return on investment
Property Facts
| Price | $4,250,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.93 AC |
| Price | $4,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.93 AC |
1 Lot Available
Lot
| Price | $4,250,000 | Lot Size | 0.93 AC |
| Price Per AC | $4,569,892.47 |
| Price | $4,250,000 |
| Price Per AC | $4,569,892.47 |
| Lot Size | 0.93 AC |
Description
The 1201 Runnymede St parcel offers a rare development opportunity in the thriving East Palo Alto area. This site is prepared for a sophisticated 20-unit townhouse project, drawing in prospective residents with its proximity to notable Silicon Valley landmarks and businesses. The property is enriched by the nearby presence of Stanford University, IKEA, and the Ravenswood Shopping Center, fostering a vibrant local economy. Essential access points such as the Dumbarton Bridge and Highway 101 provide seamless integration with the greater San Francisco Bay Area, ensuring connectivity and convenience.
PROPERTY TAXES
| Parcel Number | 063-271-090 | Improvements Assessment | $0 |
| Land Assessment | $5,897,110 | Total Assessment | $5,897,110 |
PROPERTY TAXES
zoning
| Zoning Code | R10025 |
| R10025 |
Presented by
1201 Runnymede St
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