Rare opportunity to own this BEST value and flat lot in Palo Alto! The proposed mix-used building was beautifully designed by award winning architect Bellomo Architects in Palo Alto. The design was approved by the city. Total building size is 7,015 SF. It includes 3 stories: 2,594 SF commercial (two offices), and 4,421 SF residential (One 2-bedrm 2-bath unit on 2nd floor; One 2-bedrm 2-bath unit and One 1-bedrm 1 bathrm unit on the top floor). Total 15 car parkings and 5 bike parkings. Zoning CN. 2 miles to Stanford University. 3 miles to Palo Alto Downtown.