XX ENCINA AVENUE PARKING LOT Town & Country Village | Palo Alto, California CONTACT
taylorproperties.com 01 INVESTMENT SUMMARY The Offering Investment Highlights
TABLE OF 02 CONTENTS PROPERTY DESCRIPTION Property Description & Aerial
03 MARKET OVERVIEW Area Overview & Demographics
taylorproperties.com 01 INVESTMENT SUMMARY
The Offering
Offering two infill parcels adjacent to Town & Country Village Shopping Center in Palo Alto. Parcels are currently leased for parking as by Town & Country Village and was developed as a parking lot by the operator. Property Overview Seeking Letters of Intent to purchase on or before March 26th, 2021. Annual Rent $103,950.00 NNN Unique opportunity to develop a key piece of land in an outstanding Lease expires 11/30/2021 (11th renewal) location. Located midway down on the south side of Encina Avenue which runs between El Camino Real and ends at the Cal Train tracks, Square Feet 12,000 this property is across the street from Palo Alto Medical Foundations main campus in Palo Alto. It is a short 5 minute walk to the Cal Train Zoning CC station at University Avenue and is a short difference from the two main entrances to the Stanford University Campus. The close proximity to Stanford University, Stanford Research Park, and Stanford Hospital, Downtown Palo Alto is one of the most prestigious locations in the Bay Area. Few areas in the world can match the conglomeration of STEM talent and venture capital presence that Palo Alto maintains.
Current short term NNN lease in place providing revenue during development phase.
taylorproperties.com 4 Property Survey
5 taylorproperties.com PROPERTY DESCRIPTION
Property Address Encina Avenue, Palo Alto, California
APN 120-34-006 and 120-34-007
Square Feet 12,000
Zoning CC See PA municipal code Sec.18.16 et seq.
CONSTRUCTION
Asphalt parking lot with lighting. 02 PROPERTY DESCRIPTION
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Property Highlights
Ready-made for development in this ideal infill location. Many potential uses from office/retail to potential for mixed use. Located virtually in the heart of Palo Alto, with Stanford University across the street and just a short walk to downtown Palo Alto, Stanford Shopping Center, Stanford Hospital, Palo Alto Medical Foundation, and, of course, Town and Country Village.
taylorproperties.com 8 03 MARKET OVERVIEW
taylorproperties.com 9 Area Overview
Stanford Shopping Center Dining & Shopping Downtown Palo Alto Business, Dining & Shopping Caltrain Public Transportation
Subject Property
Town & Country Village Dining & Shopping
Stanford Stadium Sporting Events Palo Alto High School Education COUNTY AVG HOUSEHOLD BACHELORS Santa Clara County INCOME DEGREE OR HIGHER $173,246 73%
AVG HOUSEHOLD MEDIAN AGE HOME OWNERS SIZE 35.4 50% 2.3
2-MILE RADIUS MARRIED NUMBER OF POPULATION 58.1% BUSINESSES 82,087 7,000+
taylorproperties.com 11 EXCLUSIVELY REPRESENTED BY
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