A two story corner property at 2589 West Main Street in Littleton recently sold for $2.35 million, marking a notable transaction in Historic Downtown Littleton.
The 6,058 SF building, completed in 2011, occupies a prime corner at West Main Street and Curtice Street in the heart of Littleton’s pedestrian oriented downtown. The property includes 1,833 SF of multi level rooftop terraces with panoramic mountain views, multiple dining and bar areas, lounge spaces, and indoor outdoor fireplaces. Interior finishes feature exposed brick, wood, and metal detailing.
The property is best known as the former home of Tavern Littleton, part of the Tavern Hospitality Group. In recent years, the restaurant group became embroiled in a highly publicized legal dispute between co owners Frank Schultz and his mother and business partner, Terry Papay, following the pandemic.
Court testimony detailed allegations from both sides involving misuse of company funds, unpaid vendors, and mounting financial strain across the portfolio. Schultz testified that vendors alerted him they were not being paid, prompting him to review company finances and discover personal expenses charged to business accounts. Papay disputed those claims and testified that the companies were struggling financially and that Schultz had not been actively involved in operations.
Amid the conflict, the Littleton building was placed on the market, signaling a shift away from owner occupancy. The property later went under contract to a healthcare group that planned to convert the building into a corporate headquarters, a proposal that raised eyebrows among market observers and lenders over whether office use represented the highest and best use for a prominent downtown retail corner. That deal ultimately did not move forward.
The buyer, Main Street Partners 1, LLC, is tied to Rees Davis of BaseCamp, an investment platform focused on long term, community oriented ownership. BaseCamp emphasizes side by side investment alongside its partners and prioritizes sustainable business models that balance economic returns with positive local impact. The group is currently evaluating the property’s optimal future use.
The transaction was brokered by Patrick Henry, Boston M. Weir, and Montana Rae of Henry Group Real Estate, who represented the seller, 2589 W Main Street LLC.
