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227 E Cecil St 2,978 SF Retail Building Springfield, OH 45503 $1,100,000 ($369.38/SF)
Executive Summary
Send all offers to solomonaa11@yahoo.com and themrssolo16@gmail.com and call / text to confirm receipt 9376315562 and 9374055677
Downstairs commercial unit is rented month to month and pays $2000 a month.
Upstairs 3 bedroom apt pays $1000 a month, month to month.
There is inoperable elevator upstairs.
Liquor license and inventory is negotiable.
914 N Limestone used to be a dental office operated by Cathy Winter. Some of the dental equipment is still in the basement.
Best comp is Mike and Rosys which sold in 2024 for $860,000 and does not have auxillary money generating income and has a much smaller parking lot. https://clarkcountyauditor.org/Parcel?Parcel=3400700036311008
Property Facts
About 227 E CECIL ST , SPRINGFIELD, OH 45503
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. 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.
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-00700-03521-1008 | Improvements Assessment | $127,820 |
| Land Assessment | $14,040 | Total Assessment | $141,860 |
Property Taxes
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227 E Cecil St
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