3475 Mechanicsburg Rd Springfield, OH 45502
- Turn key restaurants
- 2,800 SF
- 1.00 lot acres
Current Use by Public Records
- Ole Brick Tavern / Bar
Property Details for 3475 Mechanicsburg Rd
- Year built
- 1900
- Lot size
- 1.00 lot acres
- Property size
- 2,800 SF
- Zone code
- A-1
- Property type
- Turn key restaurants
- APN
- 220-03-00014-000-003
- APU
- 2200300014000003
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $110,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $115,000
- 6.5%
- $125,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $115,000
- Geo Method
- $115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $110,000
- Mixed-Use
- $115,000
- Hospitality
- $120,000
- Educational
- $90,000
- Residential Income
- $120,000
- Energy
- $115,000
- Income-Based Land
- $100,000
- Food Service
- $90,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.7546
- Latitude
- 39.9721
- CBSA code
- 44220
- CBSA name
- SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA