True
Space Available For Lease 3
#263 |
Prime downtown Palo Alto next to local favorite Oren’s Hummus. Perfect location for a boutique restaurant; plenty of foot traffic from high-income community and tourists. 2024 operating expenses are estimated at $2.03/sf/mo. Landlord recently completed improvements to bring the space to a warm shell. A partial buildout is required by tenant, depending on use and concept. Prep/Storage is optional space. 
W. Trask Leonard Jr.Bayside Realty Partners (650) 533-2591
Ian J. CalvelloBayside Realty Partners (650) 282-4621
Jarda BrychBayside Realty Partners (650) 517-2303 |
Space Available |
Prime downtown Palo Alto next to local favorite Oren’s Hummus. Perfect location for a boutique restaurant; plenty of foot traffic from high-income community and tourists. 2024 operating expenses are estimated at $2.03/sf/mo. Landlord recently completed improvements to bring the space to a warm shell. A partial buildout is required by tenant, depending on use and concept. Prep/Storage is optional space.
W. Trask Leonard Jr.Bayside Realty Partners (650) 533-2591
Ian J. CalvelloBayside Realty Partners (650) 282-4621
Jarda BrychBayside Realty Partners (650) 517-2303 |
#267 |
Unique opportunity to lease 14’ of storefront along high-traffic University Avenue. Excellent location for either restaurant or retail use. 2024 operating expenses are estimated at $2.03/sf/mo. Neither space is a second-generation restaurant nor has a kitchen or hood installed currently.
W. Trask Leonard Jr.Bayside Realty Partners (650) 533-2591
Ian J. CalvelloBayside Realty Partners (650) 282-4621
Jarda BrychBayside Realty Partners (650) 517-2303 |
Contacts
W. Trask Leonard Jr.
Bayside Realty Partners
(650) 533-2591
Ian J. Calvello
Bayside Realty Partners
(650) 282-4621
Jarda Brych
Bayside Realty Partners
(650) 517-2303
Property Details
- Property Type Retail
- Property Size 11,154 SF
- Date Updated Mar 27, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
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97/100
Walk Score ®
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57/100
Transit Score ®
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100/100
Bike Score ®
Location
- City Palo Alto, CA
- Neighborhood Downtown North Palo Alto
- Zip Code 94301
- Market San Francisco
Points of Interest
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Palo Alto
0.22 miles
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Menlo Park
1.29 miles
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California Avenue
1.59 miles
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San Antonio
4.01 miles
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Redwood City
4.72 miles
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Downtown Mountain View
5.83 miles
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Mountain View
5.92 miles
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Bayshore/NASA
6.81 miles
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San Carlos
6.87 miles
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Middlefield
6.96 miles
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ChargePoint
0.55 miles
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Coast Gasoline
0.74 miles
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Shell
0.87 miles
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Willow Cove Gas
1.11 miles
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Conoco Phillips 76
1.30 miles
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Chevron
1.37 miles
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Valero
1.40 miles
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76
1.53 miles
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ChargePoint
1.54 miles
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Palo Alto Shell
1.59 miles
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Ramona/Lytton Lot (Lot C)
0.04 miles
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Ramona/University Garage (Lot B)
0.05 miles
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Bryant/Lytton Garage (Lot S/L)
0.07 miles
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Emerson/Ramona Lot (Lot N)
0.08 miles
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Emerson/Lytton Lot (Lot A)
0.08 miles
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Emerson/High Lot (Lot O)
0.10 miles
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Lot F
0.11 miles
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High / Hamilton Lot (Lot P)
0.12 miles
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Hamilton/Waverly Lot (Lot D)
0.14 miles
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Lot K
0.14 miles
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Oren's Hummus Shop
0.00 miles
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Local Union 271
0.01 miles
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The Tap Room
0.03 miles
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Garden Fresh Vegan
0.04 miles
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Three Seasons
0.05 miles
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Nola's
0.05 miles
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Cafe 220
0.05 miles
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Steam
0.06 miles
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Pizza My Heart
0.06 miles
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Bevri - Palo Alto
0.06 miles
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Whole Foods Market
0.26 miles
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Bloomingdale's
0.43 miles
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SOS Fine Foods
0.43 miles
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Trader Joe's
0.56 miles
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Macy's
0.58 miles
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Stanford Shopping Center
0.60 miles
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The Willows Market
0.62 miles
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Neiman Marcus
0.65 miles
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Nordstrom
0.77 miles
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Safeway
0.98 miles
263 University Avenue Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
263 University Avenue is located in Downtown North Palo Alto, which is home to a total of 9 listing(s). Retail space at 263 University Avenue asks $4.63/SF/MO per square foot.
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The property includes 7,855 square feet of retail space for lease. Of this total, 5,400 square feet are Retail, 2,455 square feet are Street Retail.
Lease agreement conditions for the availability at this property include NNN.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
Knowing your ideal customer is essential. For your consideration, the average age of residents in Downtown North Palo Alto is 45. The average household income here is $184,932 per year.
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
