456 University Avenue

456 University Ave, Palo Alto, CA 94301

Property Information

  • For Lease $71.40/SF/YR
  • Property Type Office
  • Property Size 25,000 SF
  • Lot Size 0.47 Acre
  • Year Built 1926
  • Date Updated Apr 29, 2026

Description

This 25,000-square-foot office building at 456 University Avenue is situated on a 0.47-acre lot, offering ample space for a variety of business needs. Its 1926 construction speaks to its long-standing presence in the area, while its central location enhances its appeal for tenants seeking convenience. The property benefits from proximity to several public parking options within walking distance, including Lot H and the Hamilton/Waverly Lot. Additionally, nearby hotels such as the Garden Court Hotel and Graduate by Hilton Palo Alto make it convenient for visiting clients or team members.

Set in the University South neighborhood of Palo Alto, this location provides easy access to a vibrant mix of amenities. Restaurants like Chantal Guillon, Sushirrito, and Il Fornaio are just steps away, making lunch breaks effortless. The area also features diverse educational institutions, including Stanford University approximately 1.4 miles away. For public transit, Downtown Mountain View is roughly 5.8 miles away, and other stations are within accessible driving distance. Numerous fuel stations, childcare centers, and retail options further enhance the practicality of this location.

2 Spaces Available

2nd Floor

Space Type

Office

Lease Rate

$5.95/SF/MO

Total Space

11,343 SF

Floor

2

Divisible Space

11,343 - 11,343 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

• ±11,343 SF Available Now

• Located on the 2nd floor of a historic Palo Alto building

• 4 Blocks away from Caltrain station

• Central Downtown Palo Alto location

• Walkable to countless downtown amenities

 

Space Available

Space Type

Retail

Lease Rate

Contact for pricing

Total Space

11,385 SF

Divisible Space

11,385 - 13,843 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

Large 2,458 SF Courtyard, offers expansive patio seating  

TRAFFIC COUNTS

UNIVERSITY AVE 22,036 ADT

LYTTON AVE 12,380 ADT

ALMA ST 19,140 ADT

MIDDLEFIELD RD 13,415 ADT

SECOND GENERATION RETAIL / SHOWROOM / THEATER

Contacts

Michael Courson

Newmark

James Chung

The Econic Company

Matt Sweeney

The Econic Company

Kevin Cunningham

Newmark

Sam Untrecht

Newmark

Josh Shumsky

The Econic Company

Location

Located at 456 University Ave, Palo Alto, CA 94301, this property is part of the University South neighborhood and Bay Area market.

Contact 456 University Avenue
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