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Est. payment /mo
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1709 Paris ST Aurora, CO 80010
0.29 Acres Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Marvel Homes Subd
MLS Listing ID 6396245
HOA Y/N No
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Improved Land
Property Description
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)
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)
Location
State CO
County Adams
Zoning R-3
Exterior
Fence None
Waterfront Description Public
Private Pool No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Schools
School District Elementary: Academy 20, Middle/Junior: Academy 20, High: Academy 20
Others
Tax ID 182335415013
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byHomeSmart Realty
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