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Property profile & analytics

3475 Mechanicsburg Rd Springfield, OH 45502

  • Turn key restaurants
  • 2,800 SF
  • 1.00 lot acres
Value Estimation
Last Sale
May 23, 2022
$125,000
Location Intelligence
Property ID
US66-6267836
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,702
$12,250
$28,040
$40,290
-
$35,000
$80,110
$115,110
More about this property
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