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    1583 Hwy 19 Leesburg, GA 31763

    For Sale
    $649,000

    Turnkey Restaurant, Hwy 19 Frontage

    Property size:
    1,470 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This fully equipped, 1,470 square foot restaurant building in Leesburg, Georgia is available for sale at $649,000 ($441.50/sq ft). Formerly a Sonic Drive-In, the property includes additional covered square footage under a canopy. Situated on a 0.56-acre lot zoned C-2, it offers versatile usage options. The building boasts two curb cuts and prominent signage on US Hwy 19 S (Slappy Drive), a high-traffic road with 24,000 vehicles daily. Its location is advantageous, just north of the US Hwy 19 and US Hwy 82 interchange. The seller offers flexibility: operate the restaurant as-is with existing equipment, remove the equipment for alternative uses, or redevelop the entire lot. This prime location and versatile property present a compelling investment opportunity. The C-2 zoning allows for a wide range of commercial uses. The property's high visibility and convenient location make it an ideal choice for a variety of businesses. The existing infrastructure and equipment provide a significant advantage for a quick start-up or a seamless transition.

    Property Features for 1583 Hwy 19

    General Information

    Property type
    Restaurants
    Square Feet
    1,470 SF
    Lot Size
    24,394 SF

    HighLights

    • $649,000 asking price for this 1,470 SF retail building.
    • Located on 0.56 acres in Leesburg, GA, zoned C‑2.
    • Fully equipped QSR/Fast Food restaurant, previously a Sonic, ready for immediate operation or redevelopment.
    • Features two curb cuts and signage.
    • High traffic location on US Hwy 19 S, with 24,000 vehicles per day, near the US Hwy 19 and US Hwy 82 interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leesburg
    County
    Lee
    State
    Georgia
    Longitude
    -84.176562690065
    Latitude
    31.630382216013

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Hwy 19 Frontage
    Where is this restaurant located?
    The property is located at 1583 Hwy 19 Leesburg, GA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: $649,000 asking price for this 1,470 SF retail building.; Located on 0.56 acres in Leesburg, GA, zoned C-2.; Fully equipped QSR/Fast Food restaurant, previously a Sonic, ready for immediate operation or redevelopment.
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    Leesburg, GA 31763
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1583 Hwy 19 Leesburg, GA 31763
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