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    3475 Mechanicsburg Rd Springfield, OH 45502

    For Sale
    $345,000

    Historic Bar & Restaurant, Established Business

    Property size:
    2,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional opportunity presents the chance to acquire a piece of Springfield, Ohio history. The Ole Brick Tavern, housed in a charming building believed to date back to the mid-1800s, boasts a rich legacy and a loyal clientele. Spanning 2,800 square feet, the property offers ample space for patrons, featuring a well-equipped bar, comfortable seating areas, a dance floor, and game provisions. The existing kitchen is fully functional and ready to continue producing popular tavern fare, including pizzas and sandwiches. The property also includes a sizable front deck and a rear patio complete with a stage, ideal for hosting live entertainment. This turnkey operation includes all existing equipment and a valuable D6 liquor license, ensuring a smooth transition for the new owner. The building's history, combined with its current operational success and established reputation, makes this a truly unique investment opportunity. The property is situated at 3475 Mechanicsburg Road in Springfield, Ohio, and is priced at $345,000. This is a rare chance to own and operate a well-loved local establishment with significant potential for continued growth and success. The sale includes all equipment and the existing liquor license.

    Property Features for 3475 Mechanicsburg Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,800 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ole Brick Tavern Bar

    Suggested Use

    Law Firm Spa & Massage Dental Office Auto Repair Shop Skin Care Clinic Kitchen & Bath Bar & Pub Electrical Service Bakery Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Clark
    State
    Ohio
    Longitude
    -83.75455
    Latitude
    39.97224

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Bar & Restaurant, Established Business
    Where is this commercial real estate located?
    The property is located at 3475 Mechanicsburg Rd Springfield, OH.
    What is the asking price?
    The asking price for this property is $345,000.
    (937) 949-0006
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    3475 Mechanicsburg Rd Springfield, OH 45502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3475 Mechanicsburg Rd Springfield, OH 45502
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