632 University Drive
Menlo Park, CA 94025
0.20 acres | #ML81955067
Description
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.
Property Details
- Date ClosedSeptember 20, 2024
- Original List Price$2,588,000
- MLS #ML81955067
- MLS #ML81955067
- CountySan Mateo
- Property TypePurchase
- Cost2588000
- Acres0.2032
- Utility SourcePublic
- School DistrictOther
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Carlos Azucena (#ML478730)
Listing Office: Marcus & Millichap (#ML88226)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
