A Colorado 1031 exchange buyer, 1230 S. Townsend LLC, paid $1.76 million, or $251.14 per square foot, for the O’Reilly Auto Parts at 1230 S. Townsend Ave. 

David Schwartz may be on the ground floor of what could become a trend in some of Denver’s hottest neighborhoods. Schwartz is in the early stages of looking at selling all of the for-sale infill townhomes he developed near Sloan’s Lake to one buyer. The buyer likely would convert the units into rentals. The idea…