Property profile

1583 Hwy 19 Leesburg, GA 31763

OFF-MARKET
Retail properties & Spaces
1,470 SF 0.56 ac lot
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Property summary

AI-generated 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

Verified
Property type Retail properties & Spaces
Total area 1,470 SF
Lot 0.56 ac (24,394 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1583 Hwy 19 Leesburg, GA 31763
Leesburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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