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$1,500,000
6396245 MLS
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)

1709 Paris Street, Aurora

$540,000
7918211 MLS
Endless potential awaits on this property—a vintage home ready for redevelopment, offered together with the adjacent corner parcel for a rare double-lot opportunity. Situated within the R-2 Zone District, Subarea A, these combined parcels allow for single-family homes, townhomes, and duplexes, offering flexibility for personal use, investment, or redevelopment. This large, private corner lot is fenced and framed by mature trees, providing natural shade, privacy, and a serene setting. Whether you envision building two custom single-family homes, adding duplex units, or creating a thoughtfully planned townhomes development—perfect for long-term growth or income-producing opportunities, this property provides an exceptional canvas to bring your vision to life. Located near excellent schools, parks, shopping, restaurants, and major highways, this area offers both convenience and strong future value. With its generous size and flexible zoning, this double-parcel property is truly brimming with possibilities for redevelopment. I have links from the city regarding Building Guidelines/Parking/Design/Dimensions

1209 Alton Street, Aurora


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