Marcus & Millichap has been selected as exclusive investment advisors to market for sale the leasehold interest in 999 Alma Street in downtown Palo Alto, California. This offering represents the rare opportunity to acquire a freestanding value-add retail building in downtown Palo Alto; the site also has significant appeal to an owner-occupant. The subject property is a 10,000-square-foot retail building situated on a 0.24-acre site at the corner of Alma Street and Addison Avenue. The improvements were originally constructed in 1952 and were completely renovated in 2002. In addition to the retail building, the property also includes the exclusive use of 15 parking spaces in a parking lot directly across Addison Avenue at 1019 Alma Street. This building is perfect for a day care center, private school, clothing store, fitness center, or retail user.