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$4,495,000 Just Listed

  • For Sale
  • Active
  • Industrial
  • 3,940 Sq. Ft.
  • 0.1291 Acres
  • Updated 3 days ago
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235 Alma St. offers a rare opportunity to own a uniques office or live/work property in the heart of DT Palo Alto. This meticulously updated (2025) property features two structures, totaling approx. 3,940 SF, situated on +/- 5,625 SF parcel. The main building spans multiple levels and includes freshly renovated interiors with clean, modern finishes, while the second structure provides adaptable office or flex space. Recent exterior renovations and professional landscaping have created an inviting environment complemented by abundant natural light throughout both buildings. Onsite and nearby street parking options add convenience for occupants and visitors alike. The location offers unmatched connectivity with close proximity to the PA Caltrain Station, ensuring easy commuter access throughout the Peninsula and Silicon Valley. Property zoning is CD-N(P) which provides for commercial and office uses. The property can be used as SFR as a grandfathered use per written letter with city of Palo Alto.

Full Property Details for 235 Alma St

General

  • Price: $4,495,000
  • Status: Active
  • Type: Industrial
  • Source: RE_Infolink
  • MLS ID: ML82051993
  • Updated: 6/23/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Complex Features: Conference/Meeting Room, Exercise Room, Kitchen, Multi-Tenant Building, Office, Restroom(s), Additional Storage

Additional Information

  • Extras: Not Applicable
  • Security/Safety: None

Parking

  • Garage Spaces: 1
  • Parking Features: Detached Garage, Electric Car Hookup, Parking Area

Location

  • Area: Downtown Palo Alto
  • County: Santa Clara
  • Cross Streets: Everett

Heating & Cooling

  • Cooling Type: Central AC
  • Heating Type: Central Air (Forced Air)

Utilities

  • Sewer: Public Sewer
  • Water: Individual Water Meter
  • Utility Description: Individual Electric Meters, Individual Gas Meters
  • Metering: Master Electric, Master Gas, Master Water

Structural Information

  • # Buildings: 2
  • Foundation: Permanent
  • Roof: Shingle
  • Disability Access: None
  • Square Feet: 3,940
  • Office: 2,560 Sq. Ft.
  • Warehouse: 1,380 Sq. Ft.
  • Year Built: 1904

Lot Features

  • Lot Size (Acres): 0.1291
  • Minimum Lot Size: 5625
  • Lot Size (Sq. Ft.): 5,625
  • Yard Description: 1700 Sq. Ft.
  • Present Use: Commercial, Live/Work
  • Zoning: CD-N(P)

Disclosures and Reports

  • Restrictions: None

Listed by Cornish & Carey Commercial, David O'such

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Listing agent

— 235 Alma St —

  • David O'such

    Cornish & Carey Commercial

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 ATTOM Data Solutions 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
6/23/2026
Listed
$4,495,000
72.88%
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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Listed by Cornish & Carey Commercial, David O'such

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235 Alma St, Palo Alto, CA 94301 (MLS# ML82051993) is a Industrial property. 235 Alma St is currently listed for $4,495,000 and was received on June 23, 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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