El Rancho Grande officials have said they intend to close the restaurant this year, perhaps as early as mid-March, when they open a new restaurant at 7375 Old Troy Pike (Ohio 202) in Huber Heights. That Troy Pike space previously housed a LaRosa’s Pizza restaurant, which shut down in late October.
The Poe Avenue restaurant was built in 1990 on 2.69 acres. County officials have tentatively valued the property and building at $585,000, down from more than $1 million in 2002, according to its Montgomery County online property listing.
El Rancho Grande is currently on a month-to-month lease and is currently paying $6,970 a month, which includes property taxes, according to the auction firm’s listing.
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