624 University Dr. offers a strategic covered land play, allowing developers to capitalize on the land's current returns during the planning phase of future opportunities. Property is being sold alongside the adjacent property, 632 University Dr. PROPERTIES SOLD TOGETHER OR SEPARATELY. When purchased together, the lot size becomes almost 18,000 SqFt, allowing for the development of up to 12 units. 624 University Dr. is located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. The property is within walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Units have an abundance of natural light and some have been upgraded with new counters, tile baths, and new vanities. The roof was replaced within the last 5 years. NOTE: Interior photos are of unit #2 of neighboring building 632 University Dr. Identical floorplan exists in 624 University Dr.
MLS #
ML81955063
MLS Source
MLSListings, Inc.
Buyer's Brokerage Compensation*
2.25%
Development Status
None
Existing Structures
Other
Fencing
Wood
Utilities
Public Utilities, Public Utilities, Water - Public
Elementary District
Menlo Park City Elementary
High School District
Sequoia Union High
Water
Public
Zoning
R3
624 University Dr is in Menlo Park, CA 94025. This Land is currently priced at $2,588,000.
This address can also be written as 624 University Dr, Menlo Park, CA 94025.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 19, 2024. For the most current information, please contact Carlos Azucena, (408) 205-2679