Commercial Sale · Active

118 N Pagosa

Pagosa Springs, CO 81147

6 Baths · 9,848 Sq Ft

$1,900,000

Business

Property Type

2.41 acres

Lot Size

$193

Price per Sq Ft

832300

MLS #

About This Property

Turn-Key Restaurant + Brewery / Distillery Opportunity – Prime Pagosa Springs Commercial Property. Rare opportunity to acquire a fully equipped restaurant, brewery, and distillery-capable property in the heart of Pagosa Springs’ core commercial district. Situated on 2.4 acres with two buildings and multiple large private parking lots, the property offers extensive paved parking for customers and staff, excellent accessibility, and strong visibility directly across the street from a busy shopping center. The two-building configuration provides exceptional flexibility for a variety of ownership strategies, allowing a buyer to operate both buildings as a destination food and beverage campus, lease them individually to create a fully stabilized investment property, or pursue a hybrid owner-user model with rental income.

The restaurant building is a true turnkey hospitality space featuring a fully equipped “Chef’s Dream” kitchen with multiple stations capable of supporting virtually any cuisine, along with a bar/pub area with restrooms, spacious dining room with additional restrooms, private VIP space, and retail area ideal for merchandise or specialty products. The property also offers strong indoor–outdoor hospitality appeal with a heated pergola, extensive outdoor beer garden, and large gathering areas suitable for events, live music, and seasonal dining. The adjacent brewery/distillery building provides a turnkey brewing operation with distillery potential and has seen numerous improvements including the original brewery and taproom installation in 2006, indoor lounge addition in 2008, expanded gravel parking in 2009, relocation of restaurant operations to the neighboring building in 2016, taproom and lounge remodel in 2020, and new epoxy flooring in the brewery production area in 2023. Included equipment features a 6-barrel direct-fire brewing system with a 2-vessel brewhouse, two double fermenters, four single fermenters, ten serving tanks, three distillate wash tanks, three walk-in coolers, keg cooperage, and a 15-tap system with full bar setup, making it ready for immediate production and service.

With extensive improvements, strong infrastructure, and flexible use potential, this property presents a rare opportunity for an owner-operator, investor, or hybrid buyer to acquire a large, established hospitality and craft beverage property in one of Southwest Colorado’s most desirable mountain communities.

228 days on market

Listed by The Wells Group of Durango, LLC · 970-259-6680

Last updated: 3/31/2026 10:51 AM · Source: Colorado Real Estate Network (CREN), MLS#: 832300

Property Details

Key Details

Property Type Commercial Sale
Sub Type Business
Status Active
Price per Sq Ft $193
MLS # 832300
Days on Market 228
Half Baths 6

More Details

Lot Size (Sq Ft) 104,980
Acres 2.41
Annual Taxes $15
Tax Year 2025
State CO
County Archuleta
Zoning Commercial

Exterior & Parking

Parking Features Paved, Off Street, 20 + Total Spaces

Building & Lot

Sewer Public Sewer
Water Source Public
New Construction No

Location

Price History

DateEventPrice
6/30/2026 Pending
Source: Colorado Real Estate Network (CREN) #835841
—
6/7/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #835841
$700,000 -46.2% $71/sqft
6/7/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #835840
$1,300,000 -31.6% $132/sqft
3/6/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #832300
$1,900,000 $193/sqft

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

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Listing information last updated March 31, 2026 at 10:51 AM.

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