REIT Sale | 3.2 Acre Town Center at Aurora Outparcel | 150-Unit Apartment Concept Plan

Investment Highlights

• ±3.218-Acre Town Center Outparcel Site: Fully paved parcel beside Hobby Lobby offers existing access points and redevelopment potential.
• Regional Retail Anchor at the Doorstep: Town Center at Aurora spans 1M+ SF with 125+ retail, dining, and entertainment brands.
• 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).
• City-Reviewed 150-Unit Apartment Concept: Aurora previously granted a site plan approval for the contemplated multi-family development.
• Dense, Affluent Five-Mile Trade Area: More than 404,000 residents live within 5 miles, with average household income above $108,000.
• Absolute $1 Auction – NO RESERVE!

 

Offering 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.

Location

Aurora is Colorado’s third-largest city and a major Denver MSA employment and retail center. The Property is ±0.5 mile from I-225, about 25 minutes from Downtown Denver, and ±3.5 miles from Anschutz Medical Campus. More than 404,000 residents live within 5 miles, with average household income above $108,000, supporting strong regional commercial demand.