19010 Austin Way
Size: 0.34 Acre
Price: $1,800,000

CALL FOR OFFERS due by Thursday October 3rd by 3pm

The Azucena Group of Marcus & Millichap is pleased to offer an exceptional investment opportunity at 19010 Austin Way in Saratoga. Formerly a daycare center, this property presents significant development potential in one of Silicon Valley’s most affluent communities. This is an ideal chance for investors to capitalize on a valuable asset in a highly desirable location.

19010 Austin Way is a former daycare located in the southern region of Saratoga. The property sits on a 0.34 acre / 14,941 sqft lot in an area zoned as R-1-40,000. On the property are the main building along with two accessory structures and a playground.

The property is zoned as Single-Family District (R-1-40,000), which allows for a variety of residential and accessory uses. Permitted uses include single-family dwellings, employee housing for up to six individuals, transitional and supportive housing, as well as Class 1 and Class 2 group homes. Accessory structures that are allowed on the same site include garages, carports, garden sheds, greenhouses, shade structures, recreation rooms, and both accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs). Conditional uses within this zoning district include accessory structures beyond those permitted, community and institutional facilities, as well as police and fire stations. Additionally, religious or charitable institutions, nursing homes, and daycare facilities may also be approved under conditional use permits.

Saratoga is not only one of the most affluent communities in the United States, but it is also among the most expensive housing markets. Limited inventory and development opportunities have pushed the average home price to $4 million as of August 2024. This makes any residential property or development project a lucrative endeavor.