558-560 Waverley St

~Luxury Live Auction! Bidding to start from $9,000,000.00! ~

Prime Mixed-Use Building in Downtown Palo Alto

Live Auction Thursday, October 2nd, 2025, at 12:00 pm. No Buyer Premium. All Property, Seller Reports/Disclosures completed. Download at https://liveauction.link/558Waverley. All offers encouraged. Submit offer to stop auction -- loan or cash. Easy process to register to bid. Online bidding and streaming available. Harcourts Auctions Certified & Transparent Non-Distressed Auction Platform!

Prime mixed-use building with long-term tenant in Downtown Palo Alto, steps away from University Avenue. Well-maintained 12,300 sq ft two-story building with 50 ft frontage on Waverley Street in the heart of Palo Alto Commercial District, conveniently adjacent to large public parking lot.

Acclaimed Tai Pan restaurant occupies the first floor with a long-term lease. Exquisite traditional design with timeless trim work, moldings and paneling, recessed lighting, and sliding panels to create more intimate spaces for private dining. 168 seating capacity. Full bar with stone countertop. Wine wall. Expansive modern professional kitchen, over 2,000 sq ft, all stainless steel counters and shelving, sinks and appliances including multiple ovens, gas burners, fryers, steamers and work stations. Large walk-in refrigerator. 2 large bathrooms.

6,150 sq ft office space on second floor with separate entrance was recently remodeled with wide-plank floors, high ceilings, modern industrial style with exposed ducts and beams. Remodeled kitchenette. Contemporary bathroom with 3 stalls and elegant white, textured tiles. Blend of 5 enclosed rooms for offices or meetings, and wide-open concept workspace. Abundance of natural light throughout. Front and back staircases. Don’t miss this exceptional investment opportunity!

• Steps From University Avenue
• 50 Feet of Waverley St. Frontage
• 12,300 sq ft on Two Floors
• Acclaimed Tai Pan Restaurant Long-Term Tenant on first floor
• Expansive Modern Kitchen
• Contemporary 6,150 sq ft, Office Space on second floor
• Remodeled Open Office Layout
• Separate Entrances
• Convenient Adjacent Large Public Parking Lot