231 Terminal Avenue, Menlo Park, California 94025, Menlo Park, 94025 - 2 bed, 1 bath
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Menlo Park, California 94025
This property presents a Strong Value Opportunity with a List Price of $1,500,000—positioned well below the $1,627,345 Fair Market Value by 7%. This valuation gap offers $127,345 in Instant Equity for buyers. With a Condition Rating of 6, the existing structure is a teardown, but the 10,000 sq. ft. lot provides exceptional development versatility for a custom estate or multi-home configuration. This is a high-reward acquisition ideal for Builders or Real Estate Investors seeking to maximize land utility in a prime tech-hub location.
Property is land value only, full reconstruction required.
Built in 1952 (>50 years old) with no renovations mentioned. The listing explicitly states the structure holds little value and describes the property as a land-value opportunity for new construction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10000, living area = 920.
The oversized 10,000 sq. ft. lot (50' x 200') is a rare find in Menlo Park, providing a massive footprint for a luxury custom estate or significant outdoor amenities.
The property offers flexible development paths, including the potential for a single large residence or a two-home configuration, maximizing value for builders and investors.
The existing 1952 structure holds little to no value, meaning the purchase price is essentially for the land, requiring significant additional capital for demolition and construction.
The immediate neighborhood elementary school has a low rating of 2, which may deter some family-oriented buyers despite the high ratings of the surrounding middle and high schools.
A blank canvas with big potential! A rare land-value opportunity on an oversized 10,000 sq. ft. lot (50' x 200'). This deep, wide parcel offers the space and flexibility to build the home you've been envisioning whether that's a single custom-designed residence or a smart two-home build to maximize the site's potential.The lot's generous depth and dimensions open the door for a variety of development approaches, from one substantial dream home to a thoughtfully designed two-home configuration subject to buyer's own due diligence with the city on current zoning, lot split, and permitting requirements. For builders and investors, this kind of flexibility is exactly what makes a lot like this stand out. The existing 1952 structure conveys with the sale but holds little value of its own; the real opportunity here is the land itself. A rare combination of size, shape, and upside ready for an architect, builder, or owner-user with vision. Sheds are not included in the sale. Bring your plans. This lot is ready to work for you!!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-8 • 0.3 mi
Grades 6-8 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 920 | 1,576 |
| Lot Size | 10,000 | 6,125 |
| Price | $1.50M | $3.40M |
| Price per sq ft | $1.6K | $1.8K |
| Built year | 1952 | 1955 |
| HOA | $0 | $175 |
| Days on market | 15 | 31 |
Jul 7, 2026
$1,500,000
Initial Listing