1501 Us Highway 19Leesburg, GA 31763

  • Office properties
  • 5,700 SF
For Sale
$895,000 View listing

Property Details for 1501 Us Highway 19

Year built
1988
Construction
CONCRETE
Lot size
1.00 AC
Property size (Sq ft)
5,700 SF
Zone code
COMMERCIAL
Property type
Office properties
Property subtype
Office buildings
APN
040C 022
APU
040C022

Description

This exceptional 43,560 square foot commercial land parcel, located at 1501 S US Hwy 19 S in Leesburg, Georgia (zip code 31763), presents a lucrative investment opportunity. The property is currently improved with a 5,700 square foot office building featuring a thoughtfully designed layout. The building boasts ten individual offices, a welcoming reception area, a convenient kitchen/breakroom, and a spacious meeting room. Adding to its appeal, two of the offices are currently leased, generating a combined monthly income of $1200. This established rental income stream provides immediate return on investment. The property's strategic location on US Highway 19 South offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. The asking price for this remarkable property is $895,000. This presents a rare chance to acquire a well-situated commercial property with existing income, offering significant potential for future growth and development in the thriving Lee County market. The property's size and existing improvements make it an attractive option for both investors seeking immediate returns and developers looking for a solid foundation for future expansion. This is a turnkey opportunity not to be missed.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $575,731
    6.5%
    $531,444
    7%
    $493,483
  • Comparable approach

    Method
    Valuation
    Relative Method
    $405,213
    Geo Method
    $405,213
  • Alternative Use

    Use
    Valuation
    Residential
    $658,990
    Hospitality
    $603,631
    Educational
    $502,214
    Medical
    $519,486
    Retail
    $781,222
1501 Us Highway 19, Leesburg, Georgia

Location Insight

City
Leesburg
County
Lee
State
Georgia
Latitude
31.6359
Longitude
-84.1754
CBSA code
10500
CBSA name
ALBANY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,854
$40,000
$132,280
$172,280
-
$100,000
$330,700
$430,700

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].