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1709 Paris St
Aurora, CO 80010
Vacant lot for Developers and Investors · Land For Sale
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0.29 AC
Investment Highlights
- Next to University Hospital and other major Medical facilities including VA Hospital.
Executive Summary
1709 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)
Lot Type: Development land — structure has no contributory value
Use Potential: Multi-family, townhomes, condos, mid-rise
Neighborhood: Only remaining vacant/development lot in the entire area
Location Advantage: Steps from University Hospital / Anschutz Medical Campus
Demand Drivers: 25,000+ daily campus population, strong rental demand, limited new supply
Seller Price Expectation: $1,500,000 (land value based on development potential, not residential comps)
DEVELOPMENT POTENTIAL
R-3 zoning allows for:
Multi-unit residential buildings
Townhome communities
Condo developments
Potential mid-rise (subject to city approval, height limits, and site plan review)
Density Justification:
Nearby developers have successfully built:
6–12 unit townhome clusters
20–40 unit mid-rise residential buildings
High-end rental units targeting medical professionals
Land value is justified by income potential, not by single-family home comps.
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 Facts
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 0.29 AC |
| Price Per AC | $5,172,413.79 |
| Price | $1,500,000 |
| Price Per AC | $5,172,413.79 |
| Lot Size | 0.29 AC |
vacant/development-ready lot, zoned R-3
Description
1709 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) Lot Type: Development land — structure has no contributory value Use Potential: Multi-family, townhomes, condos, mid-rise Neighborhood: Only remaining vacant/development lot in the entire area Location Advantage: Steps from University Hospital / Anschutz Medical Campus Demand Drivers: 25,000+ daily campus population, strong rental demand, limited new supply Seller Price Expectation: $1,500,000 (land value based on development potential, not residential comps) DEVELOPMENT POTENTIAL R-3 zoning allows for: Multi-unit residential buildings Townhome communities Condo developments Potential mid-rise (subject to city approval, height limits, and site plan review) Density Justification: Nearby developers have successfully built:\ 6–12 unit townhome clusters 20–40 unit mid-rise residential buildings High-end rental units targeting medical professionals Land value is justified by income potential, not by single-family home comps. 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)
