1709 Paris Street

Aurora, CO 80010

709 Paris St is the only remaining vacant/development-ready lot in this rapidly transforming neighborhood adjacent to the University of Colorado Hospital & Anschutz Medical Campus. Zoned R-3, the site supports high-density residential development, including multi-unit buildings, condos, townhomes, or a mid-rise structure. Existing structure is non-habitable and should be demolished; value is in the land and development potential. This location offers unmatched demand from medical professionals, students, and hospital staff — making it a prime opportunity for developers seeking high-yield rental or resale projects. PROPERTY HIGHLIGHTS Zoning: R-3 (High-Density Residential)MARKET JUSTIFICATION FOR PRICE To justify the seller’s $1.5M expectation, highlight developer-level comps, not residential sales: 1. New Construction Sales Near Anschutz Townhomes selling $550K–$750K Condos selling $400K–$600K Multi-unit buildings generating $2,000–$2,800/mo per unit in rent 2. Land Scarcity This is the last available development lot in the neighborhood — scarcity drives premium pricing. 3. Institutional Demand The Anschutz campus population creates permanent, stable demand for housing. 4. Developer ROI A 12–20 unit project can easily justify a $1.5M land acquisition when projected: Gross revenue: $8M–$12M (sales) Annual rental income: $500K–$800K+ (if held as rentals)

Listing courtesy of HomeSmart Realty [email protected]



The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than HomeSmart Realty are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.