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235 Cedric St 4,351 SF 89% Leased Office Building Leesburg, GA 31763 $675,000 ($155.14/SF)



Investment Highlights
- • Iconic 1860 historic estate with preserved Southern architectural character
- • Zoned C-2 General Commercial — rare flexibility for income and business use
- • Expansion potential to 6–7 suites with projected income near $7,000/month
- • Over 4,300 square feet on nearly one acre
- • Producing $5,100/month in current furnished rental income
- • Offered fully furnished — immediate turnkey opportunity
Executive Summary
Commanding in presence, steeped in history, and brimming with charm, The Cedric House stands as a grand 1860 estate- an enduring symbol of Southern architecture, grace, and hospitality. Once part of a grand 655-acre plantation, this landmark holds generations of stories in its walls, and it’s a story still being told. Thoughtfully restored to honor its heritage while embracing modern function, this remarkable property offers over 4,300 square feet of refined space on nearly an acre, zoned C-2 General Commercial for unmatched flexibility and income potential. Every inch of The Cedric House tells a story of craftsmanship and care. Towering ceilings, intricate crown moldings, original hardwood floors, and elegant fireplaces showcase the home’s stately design, while thoughtful updates bring modern comfort to its timeless appeal. Walls of windows and tall French doors flood the home with natural light, accentuating every architectural detail. Currently configured with three beautifully appointed, fully furnished suites, each featuring a private entrance, sitting room, bedroom, and full bath, the property produces $5,100 in monthly income. The existing layout offers an exceptional opportunity to expand—the rooms could easily be divided to create up to six or seven individual suites, increasing the potential gross revenue to approximately $7,000 per month. A hidden office tucked behind a paneled wall adds a touch of intrigue and versatility, perfect for on-site management or conversion into an additional rentable unit. Offered fully furnished at the asking price, this property is truly turnkey. Perfectly positioned just off Highway 19, The Cedric House benefits from exceptional visibility and direct access along one of Southwest Georgia’s fastest-growing commercial corridors. Highway 19 continues to attract new retail, medical, and mixed-use development, connecting Leesburg seamlessly with Albany and surrounding markets. With rising traffic counts, infrastructure investment, and new construction nearby, this location is at the center of expansion—offering both immediate returns and long-term appreciation. Its proximity to Phoebe Putney Memorial Hospital, Lee County’s award-winning schools, major employers, and new residential growth ensures consistent demand from professionals, travelers, and tenants alike. For investors and visionaries, The Cedric House represents the perfect harmony of history, elegance, and opportunity. With its C-2 zoning and adaptable layout, it offers endless potential—continue its success as a furnished executive rental hub for traveling professionals, or reimagine it as a bed-and-breakfast, boutique inn, medical or legal office, senior living residence, salon, coworking studio, elegant event venue, or antique market with individual vendor booths. Majestic, profitable, and irreplaceable, The Cedric House is more than a property—it’s a legacy. A stately cornerstone of Leesburg’s past, and a brilliant investment in its future. Offered fully furnished at: $700,000 {Showing by appointment only} Contact: Morgan Layfield: 229-900-7900 Miranda Phillips: 229-364-4086 RE/MAX of Albany: 229-434-1600
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,351 SF
Building Class
B
Year Built/Renovated
1860/2019
Price
$675,000
Price Per SF
$155.14
Percent Leased
89%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,351 SF
Building FAR
0.10
Lot Size
0.97 AC
Zoning
Commercial - Commercial
Parking
15 Spaces (3.45 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Courtyard
- Day Care
- Fenced Lot
- Fitness Center
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Storage Space
- Outdoor Seating
- Fire Pits
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 400-500 SF | Office | - | Now |
1st Floor
| Size |
| 400-500 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 400-500 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
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Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 040D-017 | Improvements Assessment | $68,652 (2025) |
| Land Assessment | $19,400 (2025) | Total Assessment | $88,052 (2025) |
Property Taxes
Parcel Number
040D-017
Land Assessment
$19,400 (2025)
Improvements Assessment
$68,652 (2025)
Total Assessment
$88,052 (2025)
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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235 Cedric St
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