Rees Davis and his investors now own an entire block of Main Street in Littleton.
The Colorado native purchased the former Tavern Littleton, at 2589 W. Main St., for $2.4 million last week. The 6,000-square-foot, 2-story restaurant building fetched $388 per square foot.
“There’s been a number of restaurant groups that have already expressed interest, and we hope to find a user that will take both floors,” Davis said.
Davis, who co-founded the homebuilder Yes! Communities, owns the other 27,000 square feet of office and retail and restaurant along the north side of Main Street between Nevada and Curtice streets. He bought that real estate across three separate purchases from 2005 to 2007.
In 2010, he sold the corner of Curtice and Main to Frank Schultz and Terry Papay for $675,000. The mother and son tore down the existing structure and built the Tavern in its place.
The restaurant closed in February 2024 in connection with a settlement ending litigation between the pair, who operated seven locations at one point. The Littleton property was listed for $3.9 million. Schultz did not respond to a request for comment.
Pat Henry, broker with Henry Group Real Estate, represented the sellers in the deal. He said Davis intends to renovate the building, which lowered the final sales price. It was under contract a couple of times before closing at the end of January.
“All the FF&E (furniture, fixtures and equipment) was gutted and taken out of it quite some time ago, and it was basically a shell restaurant space with a killer rooftop patio,” said Henry, who represented the sellers in the deal alongside Boston Weir and Montana Rae.
The mother-and-son pair have closed a handful of other real estate deals out of the dozen they listed for sale. A couple of industrial properties sold quickly. A corner building in LoHi found a buyer in January 2025. And in October, the Lowry Tavern location was purchased by a local surgeon for a music school and venue.
A trio of LoDo office/retail properties and Tavern DTC are still on the market.
Some things didn’t pan out, notably the potential conversion of the DTC location into a Cherry Cricket. And Tavern Uptown was foreclosed on by former Broncos quarterback John Elway after it defaulted on his $5.4 million loan.
Read more from our partner, BusinessDen.
Get more business news by signing up for our Economy Now newsletter.
