Springfield, OH Conventional restaurants for sale

Updated: Jul 6

Turnkey Restaurant with Income Property

227 E Cecil Street, Springfield, OH 45503

$750,000

2,500 sqft

Package includes the Cecil and Lime restaurant plus adjacent income‑producing property at 914 N. Fountain Avenue (3 parcels conveyed).
Restaurant has extensive recent updates, including newer roof, remodeled interior, upgraded bar area, updated flooring, fresh paint, and improved mechanical systems.
Large deck and patio area added for outdoor dining.
914 N. Fountain Avenue is ADA compliant and offers mixed‑use space with about eight office suites on the main floor.
Upper level includes a three‑bedroom apartment accessible by elevator; also has a full unfinished attic and a walkout basement with break room and full bathroom.

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This listing looks promising.

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227 E Cecil Street, Springfield, OH, OH 45503

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$49K
Annual
Price @ 7% Cap

$697K
Suggested
Property Type

Restaurant
Built 1915

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Updated: Mar 16

Turnkey Restaurant and Mixed-Use Building

227 E Cecil St, Springfield, OH 45503

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6,000 sqft

Cecil and Lime restaurant (Year built 1913) with extensive updates including newer roof, remodeled interior, upgraded bar, updated flooring, and fresh paint.
Large deck and patio added, creating one of the largest outdoor dining areas for the restaurant.
Package includes adjacent income‑producing property at 914 N. Fountain Avenue (3 parcels conveyed).
914 N. Fountain Avenue offers about eight professional office suites on the main floor and a three‑bedroom apartment on the upper level accessible by elevator.
914 N. Fountain Avenue includes a full unfinished attic and a full walkout basement with a break room and full bathroom.

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Restaurant with Apartments and Licenses

229 N Belmont Ave, Springfield, OH 45503

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Turnkey restaurant with two apartments, liquor license, and equipment.

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Springfield, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant with Drive-Thru and Patio

1549 S US Hwy 68, Urbana, OH 43078

$525,000

3,604 sqft

Turnkey restaurant and drive-thru offering an outdoor patio with entertainment features, liquor licenses, and extensive equipment included.

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Turnkey Restaurant and Bar Opportunity

23 Monument Square, Urbana, OH 43078

$399,900

4,769 sqft

Three floors plus full basement with an operational Latin American restaurant and bar, including commercial kitchen and liquor licenses.

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Restaurant Business For Sale

6549 Miller Ln, Dayton, OH 45414

Contact for pricing

Restaurant opportunity offered in Dayton, Ohio, referenced as City Barbeque, founded in 1999.

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McDonald’s NNN Ground Lease

1517 North Keowee Street, Dayton, OH 45404

Contact for pricing

McDonald’s is operating under an absolute-net ground lease with zero landlord responsibilities and more than 13 years remaining.

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Springfield, OH Conventional Restaurants Market Trends and Statistics

Explore 3 conventional restaurants for sale in Springfield, OH, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,500 square feet of properties for sale, with an estimated market value of $750,000.

Sale prices for conventional restaurants in Springfield, OH average $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
45503	$750K

Neighborhood

Average Price

45503

$750K