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E Alameda & S Sable Ave - $1 Auction - REIT Sale | 3.2 Acre Town Center 3.22 Acres of Residential Land Offered at $175,000 in Aurora, CO 80012
Investment Highlights
- ABSOLUTE $1 AUCTION | 3.2 Acre Town Center at Aurora Outparcel | Signalized Hard Corner | Denver MSA | AUCTION OCTOBER 5-7
- Regional Retail Anchor at the Doorstep: Town Center at Aurora spans 1M+ SF with 125+ retail, dining, and entertainment brands.
- City-Reviewed 150-Unit Apartment Concept: Aurora previously granted a site plan approval for the contemplated multi-family development.
- ±3.218-Acre Town Center Outparcel Site: Fully paved parcel beside Hobby Lobby offers existing access points and redevelopment potential.
- High-Exposure Position Near Major Arteries: S Sable Blvd carries ±19,133 VPD and E Alameda Ave ±40,309 VPD, with I-225 only ±0.5 miles away (+168K VPD
- Dense, Affluent Five-Mile Trade Area: More than 404,000 residents live within 5 miles, with average household income above $108,000.
Executive Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, the Property is a ±3.218-acre redevelopment site located at the northwest corner of Sable Boulevard and Centrepoint Drive within Town Center at Aurora in the Denver MSA. The fully paved outparcel sits adjacent to Hobby Lobby at a signalized intersection and benefits from existing access points, utilities, and drainage infrastructure. The Seller completed conceptual planning for two different residential development options, a two-phase development totaling 150 apartment units with ground-floor commercial and amenity space as option one and a 246-unit, transit-oriented community as option two. The Property is zoned MU-R (Mixed-Use Regional), with multifamily as a primary permitted use, creating a compelling path for residential or mixed-use redevelopment. Town Center at Aurora spans more than 1 million square feet with 125+ retail, dining, and entertainment brands, while the Property benefits from ±19,133 VPD along S Sable Boulevard, ±40,309 VPD along E Alameda Avenue, and access to I-225 approximately 0.5 mile away. More than 404,000 residents live within five miles, with average household income exceeding $108,000. The City of Aurora had previously granted a site plan approval for the contemplated multi-family development. Concept plans are subject to further City review and approvals.
Property Facts
1 Lot Available
Lot
| Price | $175,000 | Lot Size | 3.22 AC |
| Price Per AC | $54,347.83 |
| Price | $175,000 |
| Price Per AC | $54,347.83 |
| Lot Size | 3.22 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1975-18-2-15-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $218,889 |
Property Taxes
Parcel Number
1975-18-2-15-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$218,889
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