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$4,988,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • 2,560 Sq. Ft.
  • 0.1291 Acres
  • Updated 7 hours ago
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Two recently updated buildings in downtown Palo Alto zoned CD-N, which allows a multiplicity of uses: residential, office, retail, personal services [e.g., fitness center], and more or a mix of uses // Front house [2560 sf] has 3 bedrooms [or offices] including an open lower level [955 sf] that can accommodate a variety of personal or commercial uses // Rear building [1380 sf] is a brick clad high bay clear space with skylights, a wall of glass, and a glass roll up door: an open canvas for your creativity // Inviting landscape embraces the buildings // Walk to downtown amenities // Refer to SB 79 for high density redevelopment potential //

Full Property Details for 235 Alma St

General

  • Price: $4,988,000
  • Status: Active
  • Type: Industrial
  • Source: RE_Infolink
  • MLS ID: ML82035251
  • Updated: 2/17/2026
  • Added to Site: Today

Rental Information

  • Complex Features: Kitchen, Living Quarters, Meeting Facilities, Multi-Tenant Building, Office, Restroom(s)

Additional Information

  • Extras: Not Applicable
  • Security/Safety: Other

Parking

  • Garage Spaces: 3
  • Parking Features: Detached Garage

Location

  • Area: Downtown Palo Alto
  • County: Santa Clara

Heating & Cooling

  • Cooling Type: Central Air Conditioning (Gas/Forced Air)
  • Heating Type: Central Air (Forced Air), Fireplace

Utilities

  • Sewer: Sewer Connected
  • Water: Public
  • Utility Description: Public Utilities
  • Metering: Master Electric, Master Gas, Master Water

Structural Information

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition, Foam
  • Disability Access: Other
  • Square Feet: 2,560
  • Office: 3,940 Sq. Ft.
  • Year Built: 1904

Lot Features

  • Lot Size (Acres): 0.1291
  • Minimum Lot Size: 5625
  • Lot Size (Sq. Ft.): 5,625
  • Present Use: Mixed, Vacant
  • Zoning: CD-N (P)

Disclosures and Reports

  • Restrictions: None

Listed by Zane MacGregor, Steve Niethammer

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Listing agent

— 235 Alma St —

  • Steve Niethammer

    Zane MacGregor

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 235 Alma St

School District:Palo Alto Unified School District
NameGradesDistance
Addison Elementary School
650 Addison Avenue, Palo Alto, CA 94301
K-50.9 mi
Frank S. Greene Jr. Middle
750 N. CA Ave., Palo Alto, CA 94303
6-81.8 mi
Palo Alto High School
50 Embarcadero Road, Palo Alto, CA 94301
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 235 Alma St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/17/2026
Listed
$4,988,000
91.85%
MLS
12/15/2020
Sold
$2,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 235 Alma St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,147
11%
$3,005,606
9%
2024
$33,538
1%
$2,759,140
2%
2023
$33,045
1%
$2,705,040
2%
2022
$32,662
2%
$2,652,000
2%
2021
$32,017
171%
$2,600,000
185%
2020
$11,805
1%
$912,507
2%
2019
$11,673
3%
$894,616
2%
2018
$11,381
2%
$877,076
2%
2017
$11,180
3%
$859,880
2%
2016
$10,883
1%
$843,021
2%
2015
$10,773
3%
$830,359
2%
2014
$10,497
—
$814,094
—
2013
$10,474
—
$810,415
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Zane MacGregor, Steve Niethammer

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235 Alma St, Palo Alto, CA 94301 (MLS# ML82035251) is a Industrial property. 235 Alma St is currently listed for $4,988,000 and was received on February 17, 2026. Want to learn more about 235 Alma St? Do you have questions about finding other Industrial real estate for sale in South Palo Alto? You can browse all South Palo Alto real estate or contact a Coldwell Banker agent to request more information.

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