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    524 Briggs St Erie, CO 80516

    For Sale
    $1,299,000

    Thriving Bar & Restaurant, High Traffic

    Property size:
    3,558 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a 3,558 square foot commercial building located at 524 Briggs St, Erie, CO, on a 0.16-acre lot. The property houses a currently operating and successful bar and restaurant, perfectly positioned in the heart of Erie's revitalized downtown area. Benefitting from high foot traffic and a vibrant atmosphere, this established business enjoys a consistent customer base due to its prime location within a bustling hub of shops, offices, and residential spaces. The building's iconic status and strong reputation within the community offer significant potential for continued growth and profitability. This turnkey operation provides an immediate return on investment for a savvy buyer. The property's strong performance is further enhanced by its location in a rapidly growing area, ensuring long-term value and stability. The asking price is $1,299,000. Interested parties are encouraged to inquire about available financing options to facilitate a smooth and efficient acquisition process. This is a rare chance to own a thriving business in a desirable location with significant upside potential. Don't miss this opportunity to secure a piece of Erie's vibrant commercial landscape.

    Property Features for 524 Briggs St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,558 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1926
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miners Tavern American Restaurant Wapos Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Weld
    State
    Colorado
    Longitude
    -105.0477
    Latitude
    40.04935

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    FAQs

    What type of property is this?
    Commercial real estate - Thriving Bar & Restaurant, High Traffic
    Where is this commercial real estate located?
    The property is located at 524 Briggs St Erie, CO.
    What is the asking price?
    The asking price for this property is $1,299,000.
    (970) 226-5511
    Request Owner's contact information
    524 Briggs St Erie, CO 80516
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    Erie, CO 80516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    524 Briggs St Erie, CO 80516
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