227 E Cecil Street, Springfield, OH 45503
227 E Cecil Street, Springfield, OH 45503
227 E Cecil Street, Springfield, OH 45503
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Megan Maynard, MBA, Realtor

Megan Maynard, MBA, Realtor

+1(614) 551-9512
Listed by Arthur Solomon Coldwell Banker Heritage
$1,100,000
Est. payment /mo
2,500 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $440

Subdivision Tiers

MLS Listing ID 1044235

Style Other, Open Floorplan

Year Built 1915

Tax Year 2025

Lot Size 0.500 Acres

Lot Dimensions 0.5

Source Western Regional Information Systems & Technology (WRIST)

Property 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.

Location

State OH

County Clark

Community Tiers

Area 0.5

Zoning Business, Commercial, Multiple, Residential

Direction 70 to i-72 to address

Rooms

Basement Block, Full, Walk-Out Access

Interior

Interior Features Elevator, Attic

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Carpet, Vinyl

Appliance Built-In Gas Oven, Dishwasher, Gas Water Heater

Heat Source Forced Air, Natural Gas

Exterior

Exterior Feature Brick, Wood Siding, Vinyl Siding

Parking Features Garage, Hard Surface, Parking Lot

Utilities Available Separate Meters, Natural Gas Connected, Three Phase

Garage Yes

Building

Lot Description Residential Lot

Foundation Block

Sewer Public Sewer

Water Supplied Water

Architectural Style Open Floorplan, Other

Others

Tax ID 3400700035211008

Ownership Occupant

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/wrist/1044235

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Megan Maynard, MBA, Realtor

Megan Maynard, MBA, Realtor

+1(614) 551-9512

Agent | License ID: SAL.2023004266

Agent License ID: SAL.2023004266

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