293-295 State St
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293-295 State St
6,402 SF Retail Building Los Altos, CA 94022 $5,250,000 ($820/SF)
Executive Summary
Cushman & Wakefield, as the exclusive listing agent, is pleased to present the exciting opportunity to acquire the property
located at 293-295 State Street, Los Altos, CA 94022. The ±6,402 square foot two-story building consists of four ground floor
retail/personal units. This is a rare opportunity for an investor or owner/user to acquire a multi-tenant property on a prime
corner in Downtown Los Altos in the heart of Silicon Valley.
The current tenancy provides immediate cash flow and the short-term nature of the leases affords the opportunity to renovate
and update the building to achieve market rents and/or occupy one or more of the units for themselves.
Located in the heart of Downtown Los Altos on the corner of State and 2nd Streets, the property is surrounded by retail
amenities, offices, and residential. This property is part of the Downtown Los Altos Parking District. Downtown Los Altos has
transformed in recent years with the influx of new retailers and restaurants, as well as several new residential developments.
located at 293-295 State Street, Los Altos, CA 94022. The ±6,402 square foot two-story building consists of four ground floor
retail/personal units. This is a rare opportunity for an investor or owner/user to acquire a multi-tenant property on a prime
corner in Downtown Los Altos in the heart of Silicon Valley.
The current tenancy provides immediate cash flow and the short-term nature of the leases affords the opportunity to renovate
and update the building to achieve market rents and/or occupy one or more of the units for themselves.
Located in the heart of Downtown Los Altos on the corner of State and 2nd Streets, the property is surrounded by retail
amenities, offices, and residential. This property is part of the Downtown Los Altos Parking District. Downtown Los Altos has
transformed in recent years with the influx of new retailers and restaurants, as well as several new residential developments.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,402 SF
Building Class
C
Year Built
1957
Price
$5,250,000
Price Per SF
$820
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.15 AC
Zoning
CRS
Frontage
55 FT on 2nd St
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (96)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 167-39-063 | Improvements Assessment | $765,645 |
| Land Assessment | $574,229 | Total Assessment | $1,339,874 |
PROPERTY TAXES
Parcel Number
167-39-063
Land Assessment
$574,229
Improvements Assessment
$765,645
Total Assessment
$1,339,874
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293-295 State St
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