445 Lambert Ave — Sale in Palo Alto, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Palo Alto, CA 94306
  • Year built: 1960

Photos

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Description

Located in Palo Alto just off El Camino Real, this approximately 7,417 square-foot commercial building, together with two residential buildings, sits on a 0.46-acre parcel in a neighborhood experiencing meaningful transformation. Nearby redevelopment activity, including the Fry’s redevelopment and other emerging projects, is helping reshape the surrounding area and enhance the long-term appeal of this well-positioned mixed-use location. The property is currently occupied by auto repair and high-end automobile storage/showroom uses, making it particularly well suited for car collectors, automotive enthusiasts, specialty auto service operators, or more traditional commercial users seeking a functional and flexible facility in one of Silicon Valley’s most desirable markets. With CS zoning that permits commercial and mixed-use residential development, the site offers multiple paths to value creation. A future owner may have the opportunity to enhance income by rehabbing the vacant residential building, repositioning or occupying existing improvements, or pursuing a broader redevelopment strategy that capitalizes on the property’s location, zoning flexibility, and ongoing neighborhood momentum. Investment Highlights: • Mixed Use – 7,417 sf commercial building and 2 homes on 0.46-acres. • CS zoning permits commercial and mixed-use residential development. • Numerous redevelopment projects including the Fry's site are poised to transform the neighborhood. • Fully remodeled commercial space featuring elevated finishes, wet bar and a custom car lift. • Well suited for car collectors, automotive enthusiasts, specialty auto service operators, or more traditional commercial uses. • Add value and income by rehabbing the vacant home at 447 Lambert.

Market Context

This industrial in Palo Alto, CA is listed for sale. The building dates to 1960. Compare it against other industrial listings for sale in Palo Alto, CA — view the full market.

As of Q2 2026, the San Francisco Peninsula industrial market showed an 8.8% vacancy rate, and average asking rents near $23.76/SF/yr. Source: Kidder Mathews Q2 2026 market report.

Industrial market FAQ

Is the San Francisco Peninsula industrial market tightening or softening?
Vacancy is around 8.8% (Q2 2026).

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