Real estate developers buy former Cobleskill Pizza Hut

The Pizza Hut location at 109 Barnerville Road in Cobleskill closed its doors in June 2023. The site then went up for auction and was bought by Double Diamond Companies in partnership with The Mohawk Companies.

COBLESKILL, N.Y. (NEWS10) -- The Pizza Hut location at 109 Barnerville Road in Cobleskill closed its doors in June 2023. The site then went up for auction and was recently bought by Double Diamond Companies in partnership with The Mohawk Companies.

Double Diamond and Mohawk focus on real estate development and management and are both based in the Capital Region, in Schoharie and Scotia, respectively. Together, the companies launched DiamondHawk Holdings, LLC for the former Pizza Hut site.

Benjamin Oevering with Diamond Double Companies said they bought the property at auction for $190,000. Oevering said they don't have a specific plan about what they are going to do with the property at this point, but they'll be talking to their partners at The Mohawk Companies and decide on the best use.

"We love the community," said Oevering. "It was a great opportunity and a great property."

Several Pizza Huts in the Capital Region have closed over the past year. In addition to the Cobleskill location, the Ballston Spa, Amsterdam, Johnstown and Gloversville locations closed in June 2023. The Glens Falls location closed in March.

The former Johnstown Pizza Hut site was turned into a 7 Brew Coffee, which opened in October. The former Ballston Spa Pizza Hut will be another location for Ted's Fish Fry, which is looking to open in the fall.

As for a timeline, Oevering wants to start working on the Cobleskill site as soon as possible. "We want to do what's best the community, but we don't want to rush it," said Oevering.