Retail Business for Sale in Palo Alto, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Palo Alto, CA 94306

Description

Rare Retail Opportunity In Palo Alto’s Newest, Best-in-class, Mixed-use Development 388 Cambridge Ave. is a 30,000 SF, premier new mixed-use development with two floors of Class A office space set atop two ground-floor retail spaces. Its classic brick and metal facade, with bronzed gold signage and fixtures is purposefully crafted to engage and energize the surrounding community. With hospitality-inspired finishes and a sustainable design targeting LEED Platinum and a net-zero energy certification, this state-of-the-art property offers an unparalleled opportunity in a vibrant, sought-after location. Just one block from the lively California Street shopping and dining corridor, 388 Cambridge benefits from strong foot traffic and seamless access to local amenities. Ample parking and proximity to public transportation ensure that this location is as convenient for customers as it is for staff, making it a top choice for retailers looking to capture the energy and accessibility of Palo Alto’s dynamic retail scene.

Market Context

This retail in Palo Alto, CA is listed for sale. It has been on the market for 147 days. Compare it against other retail listings for sale in Palo Alto, CA — <a href="/search/sale/retail/california/palo-alto">view the full market</a>.

As of Q1 2026, the San Francisco Peninsula retail market showed a 2.9% vacancy rate, average asking rents near $6.47/SF/yr, and rents up 5.2% year over year. Source: Colliers Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the San Francisco Peninsula retail market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$5.50/SF – $7.44/SF

Mid: $6.47/SF

Rate estimator only; cost-of-business estimate unavailable.

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