www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31089527
31089577

227 E Cecil Street, Springfield, OH 45503

AS
2014003166
Coldwell Banker Commercial Heritage
Listed by Coldwell Banker Commercial Heritage
$1,100,000
79 days on market
Updated 70 days ago

Cecil & Lime, Medical Office, 34 car parking lot and apt

Details
APN 3400700035211008
Property Type Retail, Land (+2)
Sub Type Restaurant, Storefront (+5)
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.
Icon
Powered by Columbus MLS
Learn More

Listing Contacts

AS
2014003166
Coldwell Banker Commercial Heritage
Listed by Coldwell Banker Commercial Heritage

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
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

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591