Prime development opportunity with owner occupied potential in the heart of Aurora! Positioned on an expansive 0.54-acre parcel (23,522 square feet), 493 Fulton St is a nicely updated, currently occupied residential fourplex that also represents a blank canvas for forward-thinking builders, developers, or long-term land-banking investors looking to capitalize on… Read More Aurora's massive trajectory. It offers an exceptionally rare large footprint size that is virtually impossible to assemble in established residential neighborhoods today.
Location is everything, and this lot boasts an enviable position surrounded by premier Denver-metro hotspots. Future residents will enjoy immediate proximity to the burgeoning Anschutz Medical Campus (Home to the University of Colorado, Children’s Hospital, and the Veterans Affairs hospital) just a few miles away, making it a high-demand node for healthcare professionals, researchers, and students. The property sits just a two-minute drive from the vibrant Lowry neighborhood and the bustling Stanley Marketplace, offering instant access to trendy local eateries, boutique retail shops, community events, and dynamic makerspaces. Additionally, outdoor recreation and urban amenities are easily accessible with the nearby CommonGround Golf Course, Lowry Park, and the bustling shopping hubs along Havana Street.
The flexible R2 zoning opens the door for premium future redevelopment, making it the perfect site for an ambitious new construction project. Builders can look into the feasibility of higher-density concepts, multiple detached single-family builds, or innovative multi-unit configurations. The current zoning implies opportunities for either 6-10 individual townhomes or 12-16 apartments, subject to city approval.
For buyers seeking a creative exit or an entry-level investment strategy, a unique owner-occupant scenario also awaits. Read Less
Built in 1941, Living area: 4200, Levels: Two, Construction Materials: Block, Brick
Cooling
None
Exterior Features
Garden
Floors
Carpet, Laminate
Garage
4 spaces
Heating
Hot Water
Interior Features
Breakfast Bar, Ceiling Fan(s), Smoke Free, Stone Counters
Lot
0.54 acres
Parking
4 total parking spaces
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 033345649, Annual Amount: $6,456, Legal Description: BEG 1055 FT S & 1300 FT E OF NW COR NE 1/4 TH N 186.28 FT TH W 126 FT TH S 127 FT TH W 5 FT M/L TH S 59.28 FT TH E 126 FT TO BEG SEC 10-4-67, Year: 2025, Zoning: RES
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