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5076 Lakeland Drive, Flowood, MS 39232

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For Sale

$3,500,000

10,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $350.00
    Price per square foot

  • 6-10 Years Old
    Age

Explore this Property

Positioned right on Lakeland Drive, this is a rare chance to own two modern commercial buildings in one of Flowood's most visible corridors. The property includes a +/-4,007SF freestanding IHOP restaurant alongside a +/-6,000SF threeunit retail center, all built in 2019 with separate utilities and highclear ceilings. Together they offer +/-10,007SF of space on +/-2.88acres, with the flexibility to hold as one investment or sell the pieces separately down the road. Flowood sits in Rankin County, one of Mississippi's fastestgrowing counties and Lakeland Drive is its lifeline. The highway carries around 45K vehicles per day and recent retail investment comps along the corridor report 32K-47K cars daily. That traffic brings steady customers to the area's dense mix of national brands-nearby you'll find Target, Walmart, BestBuy, Kroger, Lowe's and more. The fivemile trade area is home to roughly 56K-58K residents and 33K employees, with average household incomes over $113K. In short, this is a prime retail node with strong demographics and high visibility. Whether you're completing a 1031 exchange or looking for a longterm cashflow asset, this property offers a lot of upside. Two distinct buildings give you multiple exit strategies and potential for individual dispositions. Properties with this kind of exposure and flexibility don't come up often-call for the rent roll and full details
MLS# 4125360

Courtesy Of Real Broker LLC

(228) 471-5211

Property Features

  • Age
    6-10 Years Old
  • Lot Size
    2.89 Acres

Map and Directions

Directions to 5076 Lakeland Drive, Flowood, MS 39232

Home seller CENTURY 21 David Stevens Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 David Stevens Inc.

(601) 924-7552
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.