Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2,508 sqft

$1,600,000

217 Colfax Avenue, Grass Valley CA, 95945

Price per sqft$637.96
Built in1965
Property size2,508 sqft
Property typeCommercial

Overview

Active

Listed May 17, 2025

Updated Jul 3

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 restaurant—it’s a local staple known for its 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 foot traffic and street exposure, this freestanding property features two beautifully charming indoor dining spaces and an inviting outdoor patio dining area nestled amongst it's magical gardens. The restaurant's highlights are it's fully equipped front open grill, waitress station, along with a large commercial kitchen space, separate dessert & baked goods prep area, two walk-in fridges and multiple pantries. Whether you’re looking to continue the legacy of Diego’s or bring your own culinary vision to life, this is a rare opportunity to own a piece of Grass Valley history—with the stability of owning the building and land especially in one of Nevada County's most charming and fast-growing communities. Visit diegosrestaurant.com to learn more about why it means so much to purchase this unique building and profitable restaurant. Better yet, stop on in to eat and feel the love!

Additional information

MLS® ID
20251002

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

View
Yes

Listed by COMPASS, Shaye M Blazer,
Listing Contact: 530-581-1882 

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. The information being provided is for the consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

©2026 Tahoe Sierra Multiple Listing Service. All rights reserved. 

Data last updated 2:34 AM UTC, 7/3/2026

 

Powered by Luxury Presence