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)
Property Details
- Lot Features
- Corner Lot
- Lot Description
- Corner Lot
- Acres
- 0.0
- Lot Size (sqft)
- 0.29
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Subdivision
- MARVEL HOMES SUBD
- School District
- Academy 20
- County
- Adams
- Region
- Aurora
- Zoning
- R-3
- Taxes Annual
- $5,178
- MLS #
- 6396245
- Property Subtype
- Improved Land
- Parcel Number
- 182335415013
- MLS #
- 6396245
- Date Listed
- June 19, 2026
- Address
- 1709 Paris Street
Location
Legal
Based on information submitted to the MLS GRID as of 2026-09-02 09:32:46 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: Sep 2, 2026 9:32 AM. Source: RECOLORADO
Provided By
Listed by Virendra Sharma, ONLYVKSHARMA@YAHOO.COM
Listing Office: HomeSmart Realty
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Buyer Agency Compensation
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
