$720,000
$825,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
SOLD DATE : 03/20/2024
Key Details
Sold Price $720,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5526678
Sold Date 03/20/24
HOA Y/N No
Originating Board recolorado
Year Built 1931
Annual Tax Amount $9,331
Tax Year 2023
Lot Size 0.400 Acres
Acres 0.4
Property Description
Pancho's is in a prime location just off of Highway 24 in Buena Vista with great exposure and ample parking and a drive through window. This price includes the real estate and the business.
Pancho's was established in 1983 by a local family and the current owners took over in 2000 and continued to make improvements on the building as well as the menu. The current owners realized Pancho's was well known when in their travels as well as in their families and friends' travels from the Bahamas to Haiti to Colorado Springs, people recognized the Pancho's name.
Pancho's was well known for their original hot sauce and the red chili was added in 2003 and the green chili was added in 2010 which was created by the owner's son. The chicken and pork recipes were revamped in 2010 and the black beans and pinto beans are made on site. The Pancho's name has the possibility of being franchised but it has not been at this point. The business stays open year round for the locals and is one of the very few restaurants that have a dive up window with the option of front window sales and and indoor seating.
Pancho's has brought a great deal of enjoyment to the current owners and they know the business will continue to be a continual highlight.
Financials and equipment list are available upon signing a Confidentialty Agreement.
Location
State CO
County Chaffee
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Total Parking Spaces 27
Garage No
Building
Story 1
Sewer Public Sewer
Others
Acceptable Financing Cash
Listing Terms Cash
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Coldwell Banker Collegiate Peaks Realty
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Consultant | Broker Associate | FA100030130