Commercial $ 3,500,000

5076 Lakeland Drive

Flowood, MS 39232

  • 10,000 SqFt
  • 2.89 Lot Size
  • 2019 Year Built
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 ± 4,007‑SF freestanding IHOP restaurant alongside a ± 6,000‑SF three‑unit retail center, all built in 2019 with separate utilities and high‑clear ceilings. Together they offer ± 10,007 SF of space on ± 2.88 acres, 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 fastest‑growing counties and Lakeland Drive is its lifeline. The highway carries around 45 K vehicles per day and recent retail investment comps along the corridor report 32 K-47 K cars daily. That traffic brings steady customers to the area's dense mix of national brands—nearby you'll find Target, Walmart, Best Buy, Kroger, Lowe's and more. The five‑mile trade area is home to roughly 56 K-58 K residents and 33 K employees, with average household incomes over $113 K. 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 long‑term cash‑flow 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
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PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Retail

    Listing Status Active

    Purchase Type For Sale

    Square Footage 10, 000 sqft

    Price per Sqft $350

    MLS Listing ID 4125360

    Year Built 2019

    Annual Tax Amount $25,452

    Lot Size 2.890 Acres

    Acres 2.89

    Property Sub-Type Retail

    Source MLS United

  • Location

    State MS

    County Rankin

  • Building

    New Construction No

  • Others

    Tax ID G11-000044-00212

    Virtual Tour https://www.propertypanorama.com/5076-Lakeland-Drive-Flowood-MS-39232/unbranded

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