227 E Cecil Street, Springfield, OH 45503
New Listing
$1,100,000
Property Type:
Commercial
Square Footage:
2,500
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$1,100,000
List Date:
3/24/2026
Last Modified:
3/24/2026
Description
A rare opportunity to acquire one of Springfield's most recognizable dining destinations along with an adjacent income-producing property (3 parcel convey) offered together as a unique hospitality and real estate investment package. This offering includes the restaurant property known as Cecil and Lime, widely regarded as one of the most upscale dining experiences in Springfield and the Miami Valley, along with the neighboring building at 914 N. Fountain Avenue, creating a versatile and highly valuable two-property opportunity. Cecil and Lime has long been a staple in the community, known for its refined dining atmosphere, loyal customer base, and strong reputation for quality. The property has undergone extensive updates in recent years, including a newer roof, remodeled interior, upgraded bar area, updated flooring, fresh paint, and improvements to many of the building's mechanical systems. A large deck and patio area was also added, creating one of the largest and most attractive outdoor dining spaces around. For the right buyer, this property presents the opportunity to acquire a largely turnkey restaurant operation, with the potential for furniture, fixtures, equipment, décor, inventory, and even the liquor license to remain as part of the sale. This allows a new owner or restaurant group to step directly into a fully built-out space and continue operations with minimal downtime. Included in the package is 914 N. Fountain Avenue (ADA compliant), a substantial mixed-use building offering additional income potential and flexibility. The main floor includes approximately eight professional office suites, while the upper level features a spacious three-bedroom apartment accessible by elevator. The building also offers a full unfinished attic providing future expansion possibilities and a full walkout basement complete with a break room and full bathroom. Rare opportunity to live in the home and run the business right on the property. Air bnb potential.
Supplements: ********
More Information MLS# 226008843
Location & Property Info
List Price/SqFt: 440
City (Mailing Addr): Springfield
Corp LimitPerAuditor: Springfield
Office/Contract Info
For Sale: Yes
Exchange: No
For Lease: No
Lease Rate $/Sq Ft: 0
General Property Info
Total SqFt Available: 2500
Bldg Sq Ft: 2500
Max Cont Sqft Avail: 0
Minimum Sqft Avail: 0
# of Docks: 0
Lot Size (Side): 119
Acreage: 0.14
Tax Info
Tax Abatement: No
Taxes (Yrly): 1924
Parcel #: 3400700035211008
Tax Year: 2025
Remarks & Misc
Property Description: A rare opportunity to acquire one of Springfield's most recognizable dining destinations along with an adjacent income-producing property (3 parcel convey) offered together as a unique hospitality and real estate investment package. This offering includes the restaurant property known as Cecil and Lime, widely regarded as one of the most upscale dining experiences in Springfield and the Miami Valley, along with the neighboring building at 914 N. Fountain Avenue, creating a versatile and highly valuable two-property opportunity. Cecil and Lime has long been a staple in the community, known for its refined dining atmosphere, loyal customer base, and strong reputation for quality. The property has undergone extensive updates in recent years, including a newer roof, remodeled interior, upgraded bar area, updated flooring, fresh paint, and improvements to many of the building's mechanical systems. A large deck and patio area was also added, creating one of the largest and most attractive outdoor dining spaces around. For the right buyer, this property presents the opportunity to acquire a largely turnkey restaurant operation, with the potential for furniture, fixtures, equipment, décor, inventory, and even the liquor license to remain as part of the sale. This allows a new owner or restaurant group to step directly into a fully built-out space and continue operations with minimal downtime. Included in the package is 914 N. Fountain Avenue (ADA compliant), a substantial mixed-use building offering additional income potential and flexibility. The main floor includes approximately eight professional office suites, while the upper level features a spacious three-bedroom apartment accessible by elevator. The building also offers a full unfinished attic providing future expansion possibilities and a full walkout basement complete with a break room and full bathroom. Rare opportunity to live in the home and run the business right on the property. Air bnb potential.
Income/Expenses
Gross Income: 0
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
T Reimburses L
Curr Yr Est $/SF TRL: 0
Construction
Block: 1
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Heat Type
Forced Air: 1
Auction Info
Auction/Online Bidding Y/N: No
Business Type
Arts and Entertainment: 1
Auto Service: 1
Financial: 1
Professional/Office: 1
Residential: 1
Restaurant: 1
Retail: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 1100000
List Price: $1,100,000
Property Sub Type: Restaurant
Street #: 227
Street PreDirection: E
Street Name: Cecil
Street Suffix: Street
County: Clark
State: OH
Zip Code: 45503
Township: None
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-24
Property Features
Addl Acceptance Cond: None Known
Heat Fuel: Gas
Heat Type: Forced Air
Water Source: Public
Sewer: Public Sewer
Construction: Block
Business Type: Arts and Entertainment; Auto Service; Financial; Professional/Office; Residential; Restaurant; Retail
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Coldwell Banker Heritage
Listing Agent:
Arthur A Solomon
Last Updated: March - 24 - 2026
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