Pending

632 University DR

MENLO PARK CA, 94025

$2,588,000


$292.38 per sqft

Pending

0.2 Acres

Land

Listed by Marcus & Millichap, Carlos Azucena, Listing Contact: 4082052679

632 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, 624 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. 632 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). Amenities include two on-site parking spaces per unit and direct access to Nealon Park (tennis, softball, pickle ball, dog park, etc.) through a gate at the rear of the property. Three of the four units are ground level with no unit above and have private yards. 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.

ML81955067

MLS ID

March 15, 2024

Listed

April 20, 2024

Updated

Map

632 University DR
MENLO PARK CA, 94025

Exterior/Building Features

Lot Size

0.2 Acres

School Information

School District

931

Other Property Details

Area Name

Allied Arts / Downtown


Garage

No


View

No


County

San Mateo


Water Source

Public


Pool

No


Zoning

R3


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

4/19/2024

Pending

3/19/2024

Under Contract

Listed by Marcus & Millichap, Carlos Azucena,
Listing Contact: 4082052679 

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Data last updated 1:36 AM UTC, 4/20/2024

 

 

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