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Millman Team Real Estate

$15,000,000
0.45 Acre Lot

824 San Antonio Road, Palo Alto, California 94303

  • Commercial Sale Property Type
  • 1986 Year Built
Property Description

Rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Approved for a boutique luxury senior living community comprising 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 3, 000 square feet of ground-floor commercial space. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction. Ideally situated near Stanford University and Stanford Health Care, with convenient access to the region’s premier medical, research, and technology institutions. Located in one of the nation’s most affluent and supply-constrained senior housing markets, where opportunities for new senior living development are exceptionally limited. Strong demographic fundamentals and significant barriers to entry create a compelling long-term investment opportunity. Ideal for senior housing developers, healthcare organizations, family offices, institutional investors, or other qualified buyers seeking a premier development opportunity. Confidentiality agreement required for access to detailed information.

Basic Details
Commercial Sale
For Sale
ML82055961
$15,000,000
1986
0.45 Acre
Active
: Other
Features
: Central
: Central Air
$0
Address Map
CA
Santa Clara
Palo Alto
94303
San Antonio
824
Road
W123° 53' 55.6''
N37° 25' 15.9''
101 > Exit San Antonio Rd S > U turn on Leghorn St Cross Street: E Charleston Rd
699 - Not Defined
CS
Additional Information
$0
$0
$0
$0
$0
8370
2026-07-30
2
: Public
Broker/Agent Information
Legacy Real Estate & Associates
Ken Kho
Listing Information
ML472352
ML27461
Active
2026-07-30T08:51:47Z
CRMLS
2026-07-29T18:29:59Z
Agent info
Ray Millman
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