1709 Paris Street
Aurora, CO, 80010
$1,500,000
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)
Property Details
Price:
$1,500,000
MLS #:
REC6396245
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
Improved Land
Subdivision:
MARVEL HOMES SUBD
Lot Size:
12,632 sqft / 0.29 acres (approx)
Schools
School District:
Academy 20
Interior
Exterior
Fencing
None
Lot Features
Corner Lot
Financial
Tax Year
2025
Taxes
$5,179
Map
Contact Us
Mortgage Calculator
Property Summary
- Located in the MARVEL HOMES SUBD subdivision, 1709 Paris Street Aurora CO is a Land for sale in Aurora, CO, 80010. It is listed for $1,500,000 and features 0 acres. To schedule a showing of MLS#rec6396245 at 1709 Paris Street in Aurora, CO, contact your Smart Sale AI agent at 3039066915.
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Additional Details
MLS ID : REC6396245
Listing Key : REC2055080576
Parcel Number : 182335415013
Zip Code : 80010
City : Aurora
State : CO
Building if Condo :
Full Street: 1709 Paris Street
Address : 1709
Address Prefix :
Address Suffix : Street
Street : Paris
Street Prefix :
Street Suffix :
Unit if Condo :
Latitude : 39.745693
Longitude : -104.848473
Property Type : land
Property Sub Type : Improved Land
Stories Total if Condo :
Lot Size : 12,632 sqft / 0.29 acres (approx)
Ownership : Individual
Zoning : R-3
Condition :
Renovation :
Pets Allowed :
Special Conditions : None
Possession : Closing/DOD
Original Price : 1500000
Close Price :
Close Date :
List Date : Jun 19, 2026
List Contract Date : 2026-06-19
Off Market Date :
Purchase Contract Date :
Days on Market : 72
Concessions Amount :
Concession Comment :
Renovation :
Company : HomeSmart Realty
Copyright 2026. All rights reserved.
1709 Paris Street
Aurora, CO