Opportunity knocks in the heart of Downtown Palo Alto! This rare 4218 square foot vacant lot is a blank canvas for your dream development. Nestled in one of the most sought-after neighborhoods, this lot offers the perfect setting for a luxury condo development, commercial development, day care center and so much more. Situated just steps away from world-class dining, shopping, and top-rated schools, this lot provides both convenience and prestige. With easy access to major tech hubs and public transportation, its an ideal location for those seeking the vibrant urban lifestyle that Palo Alto is renowned for. Dont miss your chance to own a piece of prime real estate in Silicon Valleys most iconic city. The possibilities are endless with this exceptional lot!
The median home value in Palo Alto, CA is $3,384,000. This is higher than the county median home value of $1,450,100. The national median home value is $338,100. The average price of homes sold in Palo Alto, CA is $3,384,000. Approximately 50.9% of Palo Alto homes are owned, compared to 40.16% rented, while 8.94% are vacant. Palo Alto real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palo Alto real estate agent to arrange a tour today!
Palo Alto, California has a population of 68,624. Palo Alto is more family-centric than the surrounding county with 43.19% of the households containing married families with children. The county average for households married with children is 38.78%.
The median household income in Palo Alto, California is $194,782. The median household income for the surrounding county is $140,258 compared to the national median of $69,021. The median age of people living in Palo Alto is 41.8 years.
The average high temperature in July is 79.8 degrees, with an average low temperature in January of 40.5 degrees. The average rainfall is approximately 17.3 inches per year, with 0 inches of snow per year.