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Fully Equipped Restaurant Property
For Sale
$1,300,000

118 N Pagosa Boulevard, Pagosa Springs, CO 81147

COMMERCIAL, Pagosa Springs, CO

Property Size7,124 SF
Lot Size0.81 Acres
Price / SF$182.48
Days on Market88

Property Features for 118 N Pagosa Boulevard

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 4
Half bathrooms 4
Rooms Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Directions Heading east on US-160 toward Pagosa Springs, turn left onto N Pagosa Blvd and the property at 118 N Pagosa Blvd will be a short distance ahead on the left.
Standard status Active
Size 7,124 SF
Lot size 0.81 Acres

Amenities

heated pergola
outdoor gathering areas
beer garden
bar
VIP dining space
retail area
Listing Agency: Wells Group Real Estate
Listed By: Zane Wells · License #EA100006298
Added: Jun 14 Changed: Sep 2 Last Checked: Sep 9 at 11:06PM
MLS# 835840

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 118 N Pagosa Boulevard in Pagosa Springs, this restaurant property occupies approximately 0.81 acres and includes a 7,124-square-foot building. The interior combines a multi-station commercial kitchen with a dining room, bar and pub area, private VIP dining room, retail space, and four bathrooms. The layout is configured to support two separate restaurant concepts within the same building.

Outdoor amenities extend the hospitality offering with a heated pergola, beer garden, and additional gathering areas. Paved parking serves the property, which sits in Pagosa Springs’ core commercial district directly across from a shopping center. The combination of kitchen infrastructure, flexible interior areas, and indoor-outdoor event space supports restaurant, entertainment, and hospitality operations.

Key Highlights

  • 7,124‑square‑foot restaurant building on approximately 0.81 acres
  • Multi‑station commercial kitchen designed for varied food‑service operations
  • Interior includes dining room, bar and pub area, VIP dining, retail area, and four bathrooms

Property Analytics

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Current Use

Victor's Sushi 2 Restaurant

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Carpet & Flooring Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

638
Businesses Nearby
85k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 35% Dining 30% Shops & Services 24% Home Improvements & Furnishings 9%
City Market Groceries
29,419 visits/mo 0.3 miles
McDonald's Dining
19,174 visits/mo 0.4 miles
Speedway Shops & Services
11,726 visits/mo 0.2 miles
Terry's Ace Hardware Home Improvements & Furnishings
8,003 visits/mo 0.4 miles
Dollar General Shops & Services
5,548 visits/mo 0.4 miles

Demographics for 81147, CO

12,615
Population
9,258
Households
1.4
Avg Household Size
51
Median Age
42%
College-Educated
96%
High-School Grad
1,355.5 sq mi
ZIP Area
9
Density / Sq Mi
$78,949
Median Household Income
$38,663
Median Earnings
$1,428
Median Rent
$458,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Flexible hospitality facility with commercial kitchen infrastructure, indoor dining, bar service, and substantial outdoor gathering areas.
Where is this conventional restaurant located?
The property is located at 118 N Pagosa Boulevard Pagosa Springs, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,124‑square‑foot restaurant building on approximately 0.81 acres; Multi‑station commercial kitchen designed for varied food‑service operations; Interior includes dining room, bar and pub area, VIP dining, retail area, and four bathrooms
More about this property
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