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28058635
28058670

235 Cedric St, Leesburg, GA 31763

ML
GA GA 433579
RE/MAX of Albany
Listed by RE/MAX of Albany
$675,000
211 days on market
Updated 94 days ago

The Cedric House

Details
APN 040D 017
Property Type Retail, Office (+3)
Sub Type Day Care/Nursery, Storefront (+1)
Square Footage 4,954
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $136
Broker Co-Op Yes
Class C
Year Built 1860
Year Renovated 2019
Buildings 1
Stories 2
Acreage 0.970
Zoning C-2
Parking Spaces 15 spaces
Parking Per SqFt 3.03
Investment Type Value Add

A Value-Add, Income-Producing Historic Asset with Expansion Potential

Marketing description

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 $5,400 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

Investment highlights

In-Place Income: $5,100/month from three fully furnished executive suites


Value-Add Upside: Reconfiguration potential for 6–7 suites with projected gross income near $7,000/month

Zoning Advantage: C-2 General Commercial allows broad commercial, hospitality, and mixed-use applications

Turnkey Offering: Sold fully furnished at asking price — immediate income with no startup delay

Adaptive Reuse Flexibility: Ideal for boutique hospitality, executive rentals, medical/legal offices, coworking, event venue, or specialty retail

Prime Corridor Location: Just off Highway 19, one of Southwest Georgia’s fastest-growing commercial corridors

Strong Demand Drivers: Near Phoebe Putney Memorial Hospital, major employers, schools, and expanding residential growth

Historic Trophy Asset: 1860 landmark estate with irreplaceable architectural character

Portfolio Diversifier: Specialty income asset offering multiple exit strategies

Appreciation Potential: Positioned in a corridor experiencing infrastructure investment and new

Listing Contacts

ML
GA GA 433579
RE/MAX of Albany
Listed by RE/MAX of Albany

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Additional Information

Name
Morgan Layfield
License
GA 433579
Brokerage
RE/MAX of Albany
Brokerage Phone
229-434-1600
Title
Broker
Brokerage Address
1819 Dawson Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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