235 Alma Street Palo Alto, CA ^$ 4,988,000

235 Alma Street

^$ 4,988,000

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Recently Listed

235 Alma Street

Palo Alto, CA, 94301

^$ 4,988,000

Bedrooms-- Baths-- Sq 2,560

Monthly Estimate*

^$ 30,712

Listed by Zane MacGregor

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Commercial Property for sale in Palo Alto, CA

for $4,988,000. This 2,560 square foot building was built in 1904 on a lot size of 0.1291.

Two recently updated buildings in downtown Palo Alto zoned CD-N, which allows a multiplicity of uses: residential, office, retail, personal services [e.g., fitness center], and more or a mix of uses // Front house [2560 sf] has 3 bedrooms [or offices] including an open lower level [955 sf] that can accommodate a variety of personal or commercial uses // Rear building [1380 sf] is a brick clad high bay clear space with skylights, a wall of glass, and a glass roll up door: an open canvas for your creativity // Inviting landscape embraces the buildings // Walk to downtown amenities // Refer to SB 79 for high density redevelopment potential //

Commercial Active

Price

^$ 4,988,000

Property Type

Commercial

Taxes

^$ 37,000

Style

Lot Size

0.1291

Year Built

1904

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82035251

Days on Market

Features

General

Heating Central Fireplace(s)

Cooling Gas

Roof Composition Foam

Zoning CD-N (P)

HOA Fee 0

Year Built 1904

County Santa Clara

Property Type Commercial Sale

MaintenanceExpense 0

Status Active

City Palo Alto

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 5625

Tax Annual Amount 37000

Trash Expense 0

Standard Status Active

Occupancy Type Vacant

Year Built Source Assessor

Interior

Total Stories 3

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 2

Lot Size Area 5625

Building Area Total 2560

Lot Size Acres 0.1291

Lot Size Source Assessor

* Excluded Features

List By

Zane Macgregor

Broker

hammer@zanemac.com

Affordability Calculator

$33,795

Per Month

Monthly Principal & Interest: $30,712
Monthly Property Taxes: $3,083
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Palo Alto, CA

Average List Price ^$7,105,751

Percent of Sale Price 42%

About Palo Alto, CA

68,781 Population

15% Since 2002

^$143,744 Median Income

43.54 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/18/2026	$4,988,000		Listed Price

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235 Alma Street, Palo Alto, CA, 94301 is a Commercial Property for sale at $4,988,000 with 2,560 sqft and a lot size of 0.1291. 235 Alma Street was built in 1904. The property's zip code is 94301 which is in Palo Alto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 2/26/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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235 Alma Street

Commercial Property for sale in Palo Alto, CA

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