Property profile

524 Briggs St Erie, CO 80516

FOR SALE
Commercial real estate
Property ID
US13-2705321
3,558 SF 0.16 ac lot Built 1926
Entity Owned 1-yr Hold
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For Sale
Contact for pricing 3,558 SF
524 Briggs St, Erie, CO 80516
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial real estate
Year built 1926
Total area 3,558 SF
Lot 0.16 ac (6,970 SF)
UPID US13-2705321

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

524 Briggs St Erie, CO 80516
Erie metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2025
2 recorded transactions
2025
$1.1M
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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