227 E Cecil Street,Springfield, OH 45503
Springfield, OH 45503
Description
A rare opportunity to acquire one of Springfield's most recognizable dining destinations along with an adjacent income-producing property (3 parcel convey) offered together as a unique hospitality and real estate investment package for $750,000. This offering includes the restaurant property known as Cecil and Lime, widely regarded as one of the most upscale dining experiences in Springfield and the Miami Valley, along with the neighboring building at 914 N. Fountain Avenue, creating a versatile and highly valuable two-property opportunity. Cecil and Lime has long been a staple in the community, known for its refined dining atmosphere, loyal customer base, and strong reputation for quality. The property has undergone extensive updates in recent years, including a newer roof, remodeled interior, upgraded bar area, updated flooring, fresh paint, and improvements to many of the building's mechanical systems. A large deck and patio area was also added, creating one of the largest and most attractive outdoor dining spaces around. For the right buyer, this property presents the opportunity to acquire a largely turnkey restaurant operation, with the potential for furniture, fixtures, equipment, décor, inventory, and even the liquor license to remain as part of the sale. This allows a new owner or restaurant group to step directly into a fully built-out space and continue operations with minimal downtime. Included in the package is 914 N. Fountain Avenue (ADA compliant), a substantial mixed-use building offering additional income potential and flexibility. The main floor includes approximately eight professional office suites, while the upper level features a spacious three-bedroom apartment accessible by elevator. The building also offers a full unfinished attic providing future expansion possibilities and a full walkout basement complete with a break room and full bathroom. Rare opportunity to live in the home and run the business right on the property. Air bnb potential.
Details
| MLS # | 1044235 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 169 |
| Listing Provided By | Coldwell Banker Heritage | Arthur Solomon |
Features
| SQ Feet | 2,500 |
|---|---|
| Basement | Y |
| Zoning | Business, Commercial, Multiple, |
| Acreage | 0.50 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Appliances | Built-In Gas Oven, Dishwasher, Gas Water Heater |
| Interior Features | Elevator, Attic |
Exterior
| Lot Features | Residential Lot |
|---|---|
| Construction Materials | Brick, Vinyl Siding, Wood Siding |
| Foundation Details | Block |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Garage, Hard Surface, Parking Lot |
Utilities
| Utilities | Natural Gas Connected, Separate Meters, Three Phase |
|---|---|
| Sewer | Public Sewer |
Area Information
| State | OH |
|---|---|
| County | Clark |
| City | Springfield |
| Zip Code | 45503 |
| Area | N OF MAIN | E OF LIMESTONE |
| Subarea | N OF MAIN | E OF LIMESTONE |
| Community Name | Tiers |
| Listing VS Median (in Tiers) | |
Price: $750,000 low | high Med: $434,500 sqft: 2,500 low | high Med: 2,226 $ / sqft: $300 low | high Med: $180 On site: 169 low | high Med: 92.5 | |
Market Activity 45503
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Learn More About This Property
| State | OH |
|---|---|
| County | Clark |
| City | Springfield |
| Zip Code | 45503 |
| Area | N OF MAIN | E OF LIMESTONE |
| Subarea | N OF MAIN | E OF LIMESTONE |
| Community Name | Tiers |
| Listing VS Median (in Tiers) | |
Price: $750,000 low | high Med: $434,500 sqft: 2,500 low | high Med: 2,226 $ / sqft: $300 low | high Med: $180 On site: 169 low | high Med: 92.5 | |
