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675 Pierce St - 675 Pierce St - ZONED DT 11,250 Acres of Residential Land Offered at $549,900 in Erie, CO 80516

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Investment Highlights

  • Level Lot
  • Multiple Uses
  • Close to Downtown Erie, CO

Executive Summary

Located in the vibrant core of Downtown Erie, this exceptional 75' x 150' quarter-acre lot presents a rare opportunity to capitalize on flexibility, location, and long-term growth. Zoned DT (Downtown), the property supports a broad range of residential and commercial uses per Erie's zoning code-including live/work units, townhomes, multifamily, mixed-use buildings, and retail/office spaces-giving you remarkable development freedom.The seller has explored plans for three townhomes, and the lot could be subdivided into three separate parcels, making this ideal for builders, developers, or investors seeking multiple units or phased projects.With no HOA, no metro district, and no restrictive covenants, you have the flexibility to pursue your vision without unnecessary limitations.Currently tenant-occupied, the property provides immediate rental income while you pursue design, planning, and approvals-creating optionality for cash flow during your development timeline.Downtown Erie continues to experience thoughtful growth, increased foot traffic, and strong community appeal. Opportunities to secure a sizeable lot with Downtown zoning in such a central, walkable location are increasingly limited.Whether you plan to build now, hold for future appreciation, or create a multi-unit investment, this property delivers versatility, strategic positioning, and long-term upside.A rare chance to shape the next chapter of Downtown Erie.

Financial Summary (Actual - 2025)

Annual Annual Per AC
Gross Rental Income $22,800 $2.03
Other Income - -
Vacancy Loss - -
Effective Gross Income $22,800 $2.03
Net Operating Income - -

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $22,800
Annual Per AC $2.03
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $22,800
Annual Per AC $2.03
Net Operating Income
Annual -
Annual Per AC -

Property Facts

Price $549,900
Sale Type Investment or Owner User
Sale Conditions
Build to Suit
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Community Center
  • Department Store
  • Industrial Live or Work Unit
  • Neighborhood Center
  • Office Park
  • Public Park
  • Restaurant
  • Schools
  • Storefront, Retail or Residential
  • Single Family Residence
Total Lot Size 11,250.00 AC
Zoning DT - the property supports a broad range of residential and commercial uses per Erie's zoning code-including live/work units, townhomes, multifamily, mixed

1 Lot Available

Lot

Price $549,900
Price Per AC $48.88
Lot Size 11,250.00 AC

Located in the vibrant core of Downtown Erie, this exceptional 75' x 150' quarter-acre lot presents a rare opportunity to capitalize on flexibility, location, and long-term growth. Zoned DT (Downtown)

  • Listing ID: 39606944

  • Date on Market: 2/27/2026

  • Last Updated:

  • Address: 675 Pierce St, Erie, CO 80516

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