721 Colorado Ave
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721 Colorado Ave
6,584 SF 100% Leased Office Building Palo Alto, CA 94303 $6,500,000 ($987/SF)
Executive Summary
Premier Properties and Colliers, as the exclusive listing brokers, are pleased to present the opportunity to acquire the two-story office building located at 721 Colorado Ave, Palo Alto. This Midtown property is partially occupied by the owner and partially by short-term tenants. The public parking lot adjacent to the property allows tenants and guests to park all day for free. The property boasts a balcony on the second floor and a prime location in Midtown, surrounded by restaurants and amenities.
721 Colorado Ave presents an excellent investment or owner-user opportunity to purchase a building consisting entirely of office space in this resilient Palo Alto submarket.
APN: 127-34-091
Building Size: ±6,584 Sq. Ft.
Parcel Size: ±6,970 Sq. Ft. / 0.16 Acre (Per Public Record)
Zoning: CN (Neighborhood Commercial)
Price: $6,500,000
721 Colorado Ave presents an excellent investment or owner-user opportunity to purchase a building consisting entirely of office space in this resilient Palo Alto submarket.
APN: 127-34-091
Building Size: ±6,584 Sq. Ft.
Parcel Size: ±6,970 Sq. Ft. / 0.16 Acre (Per Public Record)
Zoning: CN (Neighborhood Commercial)
Price: $6,500,000
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,584 SF
Building Class
C
Year Built
1964
Price
$6,500,000
Price Per SF
$987
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,292 SF
Building FAR
1.01
Lot Size
0.15 AC
Zoning
C2 - Commercial
Parking
50 Spaces (7.59 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
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Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 127-34-091 | Improvements Assessment | $639,312 |
| Land Assessment | $161,434 | Total Assessment | $800,746 |
PROPERTY TAXES
Parcel Number
127-34-091
Land Assessment
$161,434
Improvements Assessment
$639,312
Total Assessment
$800,746
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721 Colorado Ave
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