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$1,550,000
Est. payment /mo
0.75 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Brooklyn
MLS Listing ID IRE7869834
HOA Y/N No
Annual Tax Amount $10,778
Tax Year 2025
Lot Size 0.750 Acres
Acres 0.75
Property Sub-Type Unimproved Land
Source ires
Property Description
0.75-acre development parcel positioned at the intersection of Aurora's most powerful growth drivers - this is a developer's opportunity to deliver a landmark luxury residential project without the entitlement risk and timeline uncertainty that typically accompany ground-up development.
Already zoned and approved for Residential Mixed Use (OA-RMU), the site is primed for a premium multifamily or SFR attached community. With the hard work of approvals behind you, what remains is pure execution: capitalize on one of the Denver metro's most undersupplied luxury submarkets and bring a flagship build to market ahead of the competition. The project consists of a 6-story residential building above grade with one level of below-grade parking, with 53 total residential units. The typical floor plate is approximately 12,100 square feet in area, complete with a plan for the 6th floor & rooftop - containing a mix of residential penthouse spaces and occupied rooftop amenity spaces.
Aurora's demand fundamentals are compelling and sustained. The area draws a steady pipeline of professionals, medical workers, military personnel, and families - a tenant profile that commands premium rents and maintains strong occupancy even through market cycles. With limited new luxury inventory entering the submarket, a well-designed project here stands to achieve outsized absorption and durable income performance.
Already zoned and approved for Residential Mixed Use (OA-RMU), the site is primed for a premium multifamily or SFR attached community. With the hard work of approvals behind you, what remains is pure execution: capitalize on one of the Denver metro's most undersupplied luxury submarkets and bring a flagship build to market ahead of the competition. The project consists of a 6-story residential building above grade with one level of below-grade parking, with 53 total residential units. The typical floor plate is approximately 12,100 square feet in area, complete with a plan for the 6th floor & rooftop - containing a mix of residential penthouse spaces and occupied rooftop amenity spaces.
Aurora's demand fundamentals are compelling and sustained. The area draws a steady pipeline of professionals, medical workers, military personnel, and families - a tenant profile that commands premium rents and maintains strong occupancy even through market cycles. With limited new luxury inventory entering the submarket, a well-designed project here stands to achieve outsized absorption and durable income performance.
Location
State CO
County Arapahoe
Community Brooklyn
Area Metro Denver
Zoning OA-RMU
Exterior
Parking Features None
View Y/N No
Garage No
Building
Lot Description Paved
Sewer None
Water City, None
New Construction false
Schools
High Schools Adams-Arapahoe 28J
School District Adams-Arapahoe 28J
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Private Owner
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Listed by Crystal Martinez
NEARBY SCHOOL & BUSINESS
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