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8,370 sqft

$15,000,000

824 San Antonio Road, Palo Alto CA, 94303

Price per sqft$1,792.11
Built in1986
Property size8,370 sqft
Property typeCommercial

Overview

Active

Listed Jul 30, 2026

Updated Jul 31

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.

Additional information

MLS® ID
ML82055961

Interior Features

Basement
No

Exterior Features

Lot Size
0.45 Acres

Also listed on MLSLISTINGS

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Listed by Ken Kho, with Legacy Real Estate & Associates
Listing Contact: 510-396-5408 

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