1709 Paris St, Aurora, CO 80010

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Listed byHomeSmart Realty
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Overview

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)

Location

Full feature list

Basic info

Property type
Land
Lot size (acres)
0.29

Exterior features

Horse amenities
Stable

Utilities

Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$5,178.55

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: REColorado MLS®#: 6396245 Last checked:

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