Retail in Palo Alto, CA — Sale in Palo Alto, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Palo Alto, CA 94306

Description

Premier High Street Retail Corner in Palo Alto 490 California Avenue sits in the center of one of Silicon Valley’s most coveted commercial districts. California Avenue, Palo Alto’s oldest commercial district, is an area shaped by Stanford University and surrounded by world class innovators, from Tesla and HP to rising AI, biotech, and fintech companies like Navan, PsiQuantum, and Wealthfront. The property has undergone a thoughtful repositioning, aligning it with the caliber of its neighborhood. California Avenue’s walkability, strong daily foot traffic, and concentration of cafés, restaurants, and services create a built-in audience drawn from one of the most affluent and intellectually dense areas anywhere in the world. On the ground floor, the 2,780 SF space commands a hard corner position at the main entry into the district, giving it rare visibility and prominence as visitors and commuters funnel onto California Avenue. In this environment, 490 California Avenue is poised to emerge as a polished, modern anchor, benefiting from the district’s momentum while contributing to its character. It’s a rare chance to secure a presence in a location where innovation, talent, and lifestyle converge seamlessly.

Market Context

This retail in Palo Alto, CA is listed for sale. It has been on the market for 196 days. Compare it against other retail listings for sale in Palo Alto, CA — view the full market.

As of Q1 2026, the San Francisco Peninsula retail market showed a 2.9% vacancy rate, average asking rents near $6.47/SF/yr, and rents up 5.2% year over year. Source: Colliers Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the San Francisco Peninsula retail market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q1 2026).

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