1709 Paris St, Aurora, CO 80010

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.nnThis 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.nnPROPERTY HIGHLIGHTSnZoning: R-3 (High-Density Residential)MARKET JUSTIFICATION FOR PRICEnTo justify the seller's $1.5M expectation, highlight developer-level comps, not residential sales:nn1. New Construction Sales Near AnschutznTownhomes selling $550K-$750KnnCondos selling $400K-$600KnnMulti-unit buildings generating $2,000-$2,800/mo per unit in rentnn2. Land ScarcitynThis is the last available development lot in the neighborhood - scarcity drives premium pricing.nn3. Institutional DemandnThe Anschutz campus population creates permanent, stable demand for housing.nn4. Developer ROInA 12-20 unit project can easily justify a $1.5M land acquisition when projected:nnGross revenue: $8M-$12M (sales)nnAnnual rental income: $500K-$800K+ (if held as rentals)