70 Encina Avenue

Palo Alto CA 94301

12120 sq. ft.

Land

Last sold for $4,995,500

Joshua Johnson, last sold this property on 27 March 2026 after 231 days on market.

Overview

70 Encina Avenue represents the rare opportunity to obtain a fully approved and entitled development site in the heart of thriving Silicon Valley. Situated on a 0.278-acre site within the highly sought after city of Palo Alto, the subject offers the opportunity to develop an attached residential housing project in an unrivaled location. The property is adjacent to Town & Country Village, across the street from Stanford University, and a short distance from top high-tech employers, a vibrant downtown shopping district, and numerous recreation opportunities. The subject is approved for redevelopment with 10 townhouse-style residential condominiums contained in a three-story structure with at-grade parking. Floor plans include two-bedroom and three-bedroom residences. Eight of the units will be offered at market rate, with two units designated for below market rate buyers. The project is designed with private garages and direct access to all units, making it highly attractive to prospective homeowners.

Features

12120 sq. ft. lot size

Land

Estimated Value

We need at least 3 similar land plots sold in Palo Alto over the last 12 months.

Property history for 70 Encina Avenue

2026

Sold

$4,995,500

27 Mar 2026 by Joshua Johnson, of Marcus & Millichap

Happy sellers in Palo Alto

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