Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1583 Us Highway 19 Leesburg, GA 31763

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey Restaurant, Hwy 19 Frontage

    Property size:
    1,470 SF

    Property Features for 1583 Us Highway 19

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    1,470 SF
    Lot Size
    24,394 SF

    We can help!

    Listing Contact
    Anthony Wagner

    Listing Agency: PIER Commercial Real Estate Brokerage, LLC Listing Agent: Anthony Wagner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lee
    State
    Georgia
    Longitude
    -84.176562690065
    Latitude
    31.630382216013

    Nearby Similar for Sale

    • $675,000
      4,300 SF

      Historic Leesburg Commercial Estate

      Grand 1860 estate with income potential in growing commercial corridor.
      235 Cedric Street Ext, Leesburg, GA 31763
      View Details
    • $215,000
      Pending

      Land with Workshop in Leesburg, GA

      18+ acre property with workshop in West Lee County.
      71X Murphy Rd, Leesburg, GA 31763
      View Details
    • $1,200,000
      1.54 Acres

      Commercial Building in Leesburg, GA

      Class A retail/office building on 1.54 acres in Leesburg.
      1150 Us Hwy 19S, Leesburg, GA 31763
      View Details
    • $690,000
      4,351 SF

      Leesburg Commercial Property

      Historic building, established business
      235 Cedric St, Leesburg, GA 31763
      View Details
    • $475,000
      4,200 SF

      Leesburg Retail Warehouse - $475K

      Prime Leesburg retail space, high visibility.
      112 4Th St, Leesburg, GA 31763
      View Details
    • $599,000
      1,470 SF

      Restaurant Building on Highway 19

      Restaurant building for sale or lease on high-traffic highway.
      1583 Us Highway 19 S, Leesburg, GA 31763
      View Details
    • $450,000
      2.99 Acres

      Prime Leesburg Land - 2.99 Acres

      Exceptional development opportunity in Leesburg, GA.
      282 Ledo Rd, Leesburg, GA 31763
      View Details
    • $129,900
      4.66 Acres

      Leesburg Land: 4.66 Acres

      Prime Lee County development opportunity. Build your dream project or invest in future growth.
      103 Graves Springs Rd, Leesburg, GA 31763
      View Details
    • $415,000
      1.25 Acres

      Leesburg Commercial Lot - High Traffic

      Prime 1.25-acre lot, build-ready, high visibility.
      3 Forrester Pkwy, Leesburg, GA 31763
      View Details
    • Contact for pricing

      New Construction NNN Retail Property

      20-year absolute net lease in growing Albany suburb.
      1367 Us Highway 82, Leesburg, GA 31763
      View Details
    • $790,000
      27,007 SF

      US-19 Redevelopment Opportunity

      Leesburg, GA Auto Shop Redevelopment
      1608 Us Highway 19, Leesburg, GA 31763
      View Details
    • $1,395,000
      1,947 SF

      Class-A Retail Building, Leesburg, GA

      1,947 SF, Vacant, Prime Location
      1150 Us Highway 19, Leesburg, GA 31763
      View Details

    FAQs

    What type of property is this?
    Retail property - Turnkey Restaurant, Hwy 19 Frontage
    Where is this retail property located?
    The property is located at 1583 Us Highway 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.
    (912) 238-5416 Call to check price and availability
    Request Owner's contact information
    1583 Us Highway 19 Leesburg, GA 31763
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1583 Us Highway 19
    Leesburg, GA 31763
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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 Us Highway 19 Leesburg, GA 31763
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Wagner
    Real Estate License ID: 306224
    (912) 238-5416
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!