1120 Crane St. is for sale. Photo by Arden Margulis.
Ristorante Carpaccio’s building is up for sale, just months after the 36-year-old eatery closed.
The downtown property, located at 1120 Crane St., housed Carpaccio throughout its 36-year history. One of the longest-running restaurants in downtown Menlo Park, the business closed permanently on June 22, 2025, with the owner citing “impossible” struggles to stay afloat following the loss of outdoor dining in an alley behind the building. The Menlo Park City Council decided to reopen the alley in April 2025, after closing it to vehicles during the pandemic in 2020.
The second floor of 1120 Crane Street which is currently rented by AJ Tutoring. Courtesy CBRE.
The property was listed for sale by the commercial real estate firm CBRE on Dec. 4, 2025, but no listing price was publicly disclosed.
According to the property description, Carpaccio’s ground-floor restaurant space totals 3,950 square feet, and the second-floor commercial space, currently occupied by AJ Tutoring, is about the same size. AJ Tutoring’s lease runs until June 2027.
The restaurant space is “fully built-out” and includes a wood-fired pizza oven, according to the listing, which calls it “a rare opportunity in the Bay Area’s most affluent and supply-constrained sub-market,” according to the listing.
Public records obtained by this news organization show the property was owned for decades by Solvang resident Margret Tsai until her death. While public records do not indicate when the property last changed hands, its assessed value in 2025 is $2.4 million.
CBRE representatives were not immediately available for comment.
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