3475 Mechanicsburg RdSpringfield, OH 45502

Property Details for 3475 Mechanicsburg Rd

Year built

1900

Lot size

1.00 AC

Property size (Sq ft)

2,800 SF

Zone code

A-1

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $789,798

  6.5%

  $729,044

  7%

  $676,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $138,933

  Geo Method

  $138,933

• Alternative Use

  Use

  Valuation

  Residential

  $614,976

  Hospitality

  $563,315

  Educational

  $468,671

  Medical

  $484,789

  Retail

  $729,044

Location Insight

City

Springfield

County

Clark

State

Ohio

Latitude

39.9721

Longitude

-83.7546

CBSA code

44220

CBSA name

SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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