Palo Alto, CA, CA 94303

$2,990,000

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List Price
$2,990,000
Status
ACTIVE
MLS#
ML82043142
Lot Size
118,919
Days on Market
58
Property Type
Investment

Property Description

This strategically located grocery store presents an outstanding investment opportunity in the highly desirable Santa Clara County market, serving the affluent and dynamic Palo Alto community. Positioned within a vibrant commercial corridor, the business benefits from consistent foot traffic and a loyal customer base, including professionals from the surrounding technology sector. This is a full-service grocery operation offering a wide selection of fresh produce, a fully equipped deli with prepared foods, an in-house bakery, and a comprehensive assortment of beer, wine, and spirits. The store has built a strong reputation for quality products, diverse inventory, and dependable customer service, contributing to its established presence in the local market. The business generates approximately $9,500,000 in annual gross revenue, reflecting solid performance and strong market positioning. This is a full-service grocery operation offering a wide selection of fresh produce, a fully equipped deli with prepared foods, an in-house bakery, and a comprehensive assortment of beer, wine, spirits and wine tasting license. Store has built a strong reputation for quality products, diverse inventory, and dependable customer service, contributing to its established presence in the local market.

Listing courtesy of Listing Agent: Rhinda Bal (rhinda@charter.net) from Listing Office: Bayview Residential Brokerage.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.