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This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.

7 Beds ⋅ 7 Baths ⋅ ML82057145 MLS

640 Waverley ST, Palo Alto

$3,488,843

Step into your own private sanctuary at 302 Channing Avenue, a residence that perfectly balances the energy of downtown Palo Alto with the quietude of a secluded retreat. Tucked behind a discreet front gate, this home immediately feels like your own little world, offering a sense of calm and privacy that is rare to find so close to the action. The interior is a showcase of sophisticated, high-end finishes where every detail has been thoughtfully curated. From the rich flooring to the designer fixtures, the aesthetic is timeless yet modern. The layout flows effortlessly, creating an inviting atmosphere that's as suited for intimate evenings as it is for lively gatherings. With a kitchen that would delight any chef and living spaces bathed in natural light, the home feels both expansive and cozy. This is truly a turn-key opportunity. Every inch of the property has been meticulously maintained, allowing you to move right in and start enjoying the lifestyle from day one. When you do decide to venture out, you're just moments away from the world-class dining, premier shopping, and vibrant coffee culture of University Avenue. Experience the best of Palo Alto living in a home that offers a beautiful escape without sacrificing proximity to the heart of the city.

3 Beds ⋅ 3 Baths ⋅ ML82058888 MLS

302 Channing AVE, Palo Alto

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .