$1,600,000

217 Colfax Ave, Grass Valley, CA 95945

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0.09 acres

Commercial Sale · Mixed Use · Built 1965 · 84 days on Properkey

Description

An iconic opportunity in the heart of historic Grass Valley - Diego's Restaurant and its prime 2,500 sq ft commercial building are officially on the market! This turnkey, well-loved establishment is more than a restaurantit's a local staple known for it's vibrant eclectic atmosphere, loyal clientele, strong local following and unique Chilean inspired South American cuisine. Now,both the business and the real estate are available in a rare all-in-one offering! Situated on a high-visibility lot with ample foottraffic and street exposure, this freestanding property features two beautifully charming indoor dining spaces and an invitingoutdoor patio dining area nestled amongst it's magical gardens. The restaurant's highlights are it's fully equipped front opengrill, waitress station, along with a large commercial kitchen space, separate dessert & baked goods prep area, two walk-infridges and multiple pantries. Whether you're looking to continue the legacy of Diego's or bring your own culinary vision tolife, this is a rare opportunity to own a piece of Grass Valley historywith the stability of owning the building and land especially in one of Nevada County's most charming and fast-growing communities. Stop by for a bite to eat and come feel the love yourself!

Agent & source

Listed by
Shaye M Blazer
Brokerage
Compass
DRE
#01429525
MLS # 226094698 Source MetroList Services

Property details

Rooms & Layout

Accessibility
  • Accessible Approach with Ramp
  • Accessible Bathroom(s)
  • Wheelchair Access
  • Accessible Kitchen

Property Features

Current Use
Restaurant
Lot features
  • Landscape Misc
  • Curb(s)
  • Curbs/Gutters
  • Sidewalk
  • Sidewalk/Curb/Gutter
  • Street Lights
  • Landscape Back
  • Landscape Front
Road
  • Is Accessible
  • City Street
  • Freeway Exposure
  • Highway Exposure
Topography
Level

Building & Construction

Construction Materials
  • Block
  • Brick
  • Concrete
  • Stucco
  • Frame
  • Wood
Roof
Flat
Foundation
  • Block
  • Slab
  • Concrete
  • Concrete Perimeter
Building Features
  • 1 Restroom Per Unit
  • Under 12 Ft Ceilings
  • Manager's Office
  • 12 to 18 Ft Ceilings
  • Patio
  • Pole Sign
  • Reception Area
  • Cold Storage
  • Refrigeration
  • Restroom(s)-Private
  • Server Room
  • Trade Fixtures
  • Kitchen Facilities
  • Landscaping
  • See Remarks

Exterior & Parking

Parking
Open, Public, Lighted

Interior & Comfort

Heating
Central, Natural Gas
Cooling
Evaporative Cooler
Flooring
Combo of Materials, Concrete, Concrete Slab
Windows
Window Coverings

Utilities

Water Source
Meter on Site, Water District
Sewer
Public Sewer
Electric
220 Volts, Separate Electric Meter
  • Above Ground
  • Cable Available
  • Sewer Connected
  • Internet Available
  • Primary Gas Meter
  • Underground Utilities
  • Natural Gas Connected
Irrigation
Public District

Nearby

Active Pending Closed Rental

School information not available for this property.

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All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable.

Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: October 19, 2026 4:49 AM PT
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