Cheap wings and beer will be served up one final time this Sunday at the Pub on Pearl, before the place closes for good at midnight.
“Every moment serving you all over the years has been cherished, from Thursday night wing nights to Iowa Hawkeye games and every day in between,” the bar posted on Facebook Tuesday evening.
The neighborhood joint at 1101 S. Pearl St. in Denver’s West Wash Park neighborhood operated for 35 years. Dani Baer, owner of the bar, didn’t respond to BusinessDen’s request for comment Wednesday.
There’s a long history of bars at the location, which straddles the corner of Mississippi Avenue and Pearl Street just north of Interstate 25. Longtime Denverites may remember the Corner Pub, which operated there in the decades before the Pub on Pearl.
The property is owned by Ken Fukayama, a Denver pilot with various aviation businesses, who bought it for $1.9 million in June 2019, public records show.
Fukayama, who did not respond to a request for comment, listed the building for sale several months ago.
“A big value-add part of our listing was that lease (for the Pearl),” said Blue West Capital broker Josh Lorenzen, who is marketing the property for sale alongside Robert Edwards.
The Pub has nearly four years left on its lease, listing materials show. It pays $6,600 per month in rent for its 2,825-square-foot location, which amounts to $28 per square foot annually. It’s on a gross lease, meaning it doesn’t pay property taxes or other landlord expenses that are typically passed on to commercial tenants.
“With the below market lease no longer in place, an owner will be able to maximize value immediately once they re-tenant the space,” Lorenzen added.
Five other tenants are in the building: a nail salon, a hair salon, a fitness studio, an insurance agency and a barbershop.
There’s also a sister bar in Cap Hill, called the Pub on Penn. It opened in 2010 by “some of the folks” behind the Pearl Street operation, according to previous reporting by Westword.
