Buena Vista, CO 81211,215 N US Highway 24
Buena Vista, CO 81211,215 N US Highway 24
Buena Vista, CO 81211,215 N US Highway 24
Buena Vista, CO 81211,215 N US Highway 24
Buena Vista, CO 81211,215 N US Highway 24
Buena Vista, CO 81211,215 N US Highway 24
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$720,000

$825,000

12.7%
Est.Price: ?

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Est. payment /mo

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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REColorado (REColorado MLS)
Listed by Coldwell Banker Collegiate Peaks Realty • Austina@CPRealty.com,719-207-0656
Bought with Coldwell Banker Collegiate Peaks Realty

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Matt Thomas

Consultant | Broker Associate | FA100030130

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