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Leased QSR Restaurant with Additional Land
New
For Sale
$995,000

2017 Memorial Drive, Waycross, GA 31501

Commercial Sale, Waycross, GA

Property Size1,548 SF
Lot Size0.84 Acres
Price / SF$642.76
Days on Market4

Property Features for 2017 Memorial Drive

General Information

Property type Commercial Sale
Property subtype Other
Directions Traveling north on Memorial Drive, the property will be on your right.
Standard status Active
APN WA2414 021
Size 1,548 SF
Lot size 0.84 Acres

Taxes and HOA fees

Tax Description MEMORIAL DRIVE 2017
Legal Description MEMORIAL DRIVE 2017

Building Details

Year built 2011
Floors in Building 1
Listing Agency: eXp Realty, LLC
Listed By: Heather Fluker · License #396858
Added: Sep 14 Last Checked: Sep 17 at 3:06AM
MLS# 2002497

Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The property includes a 1,548-square-foot QSR restaurant on a four-parcel commercial assemblage totaling 0.84 acres. Built in 2011, the restaurant is leased and generates rental income, providing an existing operating component within the larger site. The remaining parcels add land area for expansion, redevelopment, or other commercial uses, subject to applicable zoning and approvals.

Located at 2017 Memorial Drive in Waycross, Georgia, the property offers approximately 230 feet of road frontage and an estimated daily traffic count of 15,000 vehicles. Its position along Memorial Drive provides direct exposure to a well-traveled commercial corridor. The combined acreage and parcel configuration may accommodate a broader commercial footprint than the existing restaurant alone.

Key Highlights

  • Four parcels totaling approximately 0.84 acres
  • 1,548 sq ft QSR restaurant leased and producing rental income
  • Approximately 230 feet of road frontage

Property Analytics

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Current Use

Subway Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Grocery & Convenience Store Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15,000 VPD
Traffic count
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

609
Businesses Nearby
387k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 42% Shops & Services 18% Apparel 12% Groceries 11%
Kroger Groceries
43,281 visits/mo 0.5 miles
Chick-fil-A Dining
40,585 visits/mo 0.5 miles
Big Lots Superstores
20,735 visits/mo 0.4 miles
Belk Apparel
19,882 visits/mo 0.5 miles
Circle K Shops & Services
18,849 visits/mo 0.5 miles

Demographics for 31501, GA

14,036
Population
6,867
Households
2
Avg Household Size
40
Median Age
18%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$37,203
Median Household Income
$30,426
Median Earnings
$752
Median Rent
$100,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • B-Mac's 2456 Memorial Dr, Waycross, GA 31503
  • New Beijing Buffet 2490 Memorial Dr, Waycross, GA 31503

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Four parcels combine an operating restaurant with room for future commercial use, subject to zoning and approvals.
Where is this conventional restaurant located?
The property is located at 2017 Memorial Drive Waycross, GA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four parcels totaling approximately 0.84 acres; 1,548 sq ft QSR restaurant leased and producing rental income; Approximately 230 feet of road frontage
More about this property
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