REIT Sale | Town Center at Aurora | 150-Unit Apartment Concept

Starting Bid $1

RealINSIGHT Marketplace, in partnership with Marcus & Millichap, is pleased to present 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.

3.218-Acre Site Within Town Center Aurora: Paved outparcel sits signalized at Sable Boulevard and Centrepoint Drive, near Hobby Lobby.

Two Residential Concepts Already Planned: Options range from 150 units with commercial space to a 246-unit transit-oriented community.

MU-R Zoning Favors Multifamily Redevelopment: Mixed-Use Regional designation creates a clear regulatory path toward residential density.

404,000+ Residents Within Five Miles: Average household income exceeds $108,000 near I-225, approximately a half mile away.

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.