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    OFF-MARKET
    Turn key restaurants

    3475 Mechanicsburg Rd, Springfield, OH 45502-8218

    2,800 SF 1 ac lot Built 1900
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US66-6267836
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1900
    Total area 2,800 SF
    Lot 1 ac (43,560 SF)
    Zoning code A-1
    APN 220-03-00014-000-003
    UPID US66-6267836
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ole Brick Tavern Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Hamilton & Beverly Management LLC · 4 yrs held
    Hamilton & Beverly Management LLC
    since 2022
    Last sale
    $125,000
    6 recorded transactions
    2022
    $174,000
    2022
    $125,000
    2015
    $324,000
    2006
    $147,000
    2000
    $135,000
    1969
    Zoning & alternative use
    A-1 · Springfield, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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