1709 Paris StAurora, CO 80010
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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)
| 5 days ago | Listing updated with changes from the MLS® | |
| 5 days ago | Listing first seen on site |
Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Information source: Information and Real Estate Services, LLC. Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Provided for limited non-commercial use only under IRES Rules © Copyright IRES. Digital Millenium Copyright Act
Last checked 2026-06-24 08:50 PM MST.