$1,500,000
Est. payment /mo
0.29 Acres Lot
Active
1709 Paris Aurora, CO 80010
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Marvel Homes Subd
MLS Listing ID IRE6396245
HOA Y/N No
Annual Tax Amount $5,178
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Source ires
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
Community Marvel Homes Subd
Area Metro Denver
Zoning R-3
Exterior
Parking Features None
View Y/N No
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water City
New Construction false
Schools
High Schools Academy 20
School District Academy 20
Others
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Special Listing Condition Private Owner
Listed by Virendra Sharma
I CAN HELP YOU MAKE AN OFFER ON THIS PROPERTY