Rees Davis and his buyers now personal a whole block of Important Avenue in Littleton.
The Colorado native bought the previous Tavern Littleton, at 2589 W. Important St., for $2.4 million final week. The 6,000-square-foot, 2-story restaurant constructing fetched $388 per sq. foot.
“There’s been a variety of restaurant teams which have already expressed curiosity, and we hope to discover a consumer that can take each flooring,” Davis mentioned.
Davis, who co-founded the homebuilder Sure! Communities, owns the opposite 27,000 sq. toes of workplace and retail and restaurant alongside the north facet of Important Avenue between Nevada and Curtice streets. He purchased that actual property throughout three separate purchases from 2005 to 2007.
In 2010, he offered the nook of Curtice and Important to Frank Schultz and Terry Papay for $675,000. The mom and son tore down the prevailing construction and constructed the Tavern as an alternative.
The restaurant closed in February 2024 in reference to a settlement ending litigation between the pair, who operated seven places at one level. The Littleton property was listed for $3.9 million. Schultz didn’t reply to a request for remark.
Pat Henry, dealer with Henry Group Actual Property, represented the sellers within the deal. He mentioned Davis intends to renovate the constructing, which lowered the ultimate gross sales value. It was below contract a few instances earlier than closing on the finish of January.
“All of the FF&E (furnishings, fixtures and tools) was gutted and brought out of it fairly a while in the past, and it was principally a shell restaurant house with a killer rooftop patio,” mentioned Henry, who represented the sellers within the deal alongside Boston Weir and Montana Rae.
The mother-and-son pair have closed a handful of different actual property offers out of the dozen they listed on the market. A few industrial properties offered shortly. A nook constructing in LoHi discovered a purchaser in January 2025. And in October, the Lowry Tavern location was bought by a neighborhood surgeon for a music college and venue.
A trio of LoDo workplace/retail properties and Tavern DTC are nonetheless available on the market.
Some issues didn’t pan out, notably the potential conversion of the DTC location right into a Cherry Cricket. And Tavern Uptown was foreclosed on by former Broncos quarterback John Elway after it defaulted on his $5.4 million mortgage.
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