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$1,600,000
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Property 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 restaurant it'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 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-infridges 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. Stop by for a bite to eat and come feel the love yourself!
Full Property Details
Full Property Details for Colfax Ave
General
- Price: $1,600,000
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 226095069
- Updated: 7/28/2026
- Added to Site: 30 day(s) ago
Interior
- Flooring: Concrete, Concrete Slab
Additional Information
- Other Features: 8-10 Ft Ceilings, 11-15 Ft Ceilings, Kitchen Facilities, Landscaping, Outside Sign, Reception Area, Rest Room(s)-Private
Parking
- Parking: Public, Street, Lighted
Location
- Area: 13105
- Cross Streets: Hwy 174
- Driving Directions: From downtown Grass Valley, take Hwy 174 East under fwy overpass, one block on right.
- Location Details: Neighborhood Commercial, City, Public Transportation Nearby, Downtown Commercial, Residential Area, Restaurant Nearby, Freeway Nearby, Shopping Center Nearby
Utilities
- Sewer: Public Sewer
- Utility Description: Cable Available, DSL Available, Hot Water, Internet Available, Sewer Connected, Primary Meter(s), Natural Gas Connected
Structural Information
- Construction: Block, Brick, Concrete, Wood, Masonry
- Foundation: Block, Concrete, ConcretePerimeter, Slab
- Stories/Levels: 1
- Square Feet: 2,508
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920
- Lot Size Source: Assessor Auto-Fill
- Frontage: City Street, Freeway Exposure, Highway Exposure
- Topography: Level
- Zoning: Commercial
- Lot Description: Landscape Misc, Curb(s), Curbs/Gutters, Sidewalk, Sidewalk/Curb/Gutter, Street Lights, Landscape Back, Landscape Front
Disclosures and Reports
- Special Conditions: None
Listed by Compass
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Price & Sales History for Colfax Ave
Date
Details
Price
Change
Source
7/28/2026
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Colfax Ave
Colfax Avenue, Grass Valley, CA 95945 (MLS# 226095069) is a Single Family property with 0 bedrooms and 0 full bathrooms. Colfax Avenue is currently listed for $1,600,000 and was received on July 28, 2026. Want to learn more about Colfax Avenue? Do you have questions about finding other Single Family real estate for sale in Grass Valley? You can browse all Grass Valley real estate or contact a Coldwell Banker agent to request more information.

