

Listed by Coldwell Banker Commercial Heritage
$1,100,000
Cecil & Lime, Medical Office, 34 car parking lot and apt
Details
APN 3400700035211008
Property Type Retail, Land
Sub Type Restaurant, Storefront
Square Footage 2,500
Net Rentable (SqFt) 2,500
Units 3
Cap Rate 0.27%
NOI $3,000
Occupancy 100%
Lease Type NNN
Price per SqFt $440
Class A
Year Built 1913
Year Renovated 2025
Acreage 0.140
Investment Type Owner/User
Occupancy Date 05/01/2026
Ownership Berner Real Estate Investments llc
Sale Condition 1031 exchange
Business for Sale | Restaurant & Medical Office & Residence & Large Parking Lot I 6,000+ SqFt
Marketing 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. 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.
Listing Contacts


Listed by Coldwell Banker Commercial Heritage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,000.00
$250.00/mo
Valuation Metrics
0
DSCR
0.27%
Cap Rate
0.27%
ROI
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