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5076 Lakeland Drive, Flowood, MS 39232 (MLS# 4125360)

5076 Lakeland Drive, Flowood, MS 39232

$3,500,000
Property Type: Commercial Sale Square Footage: 10,000 Lot Size (sq. ft.): 125,888 Status: Active
Current Price: $3,500,000 List Date: 9/11/2025 Last Modified: 9/11/2025

Description

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

More Information MLS# 4125360

Address and Location Information

Parcel Number: G11-000044-00212 Community Of: N/A Street Number: 5076 Street Name: Lakeland Street Suffix: Drive County: Rankin State: MS Zip Code: 39232

Listing Information

Listing Service: Full Service Status: Active List Date: 2025-09-11 List Price: $3,500,000 Current Price: $3,500,000 Property Sub Type: Retail

General Property Information

Property Sub Type: Retail New Construction: No Approx Lot Size Acres: 2.89 SqFt Source: Plans List Price/SqFt: 350 Year Built Source: Owner Total Floors: 1 Accessibility Features: Yes Approx H/C SqFt: 10000 Year Built: 2019

Tax and Financial Information

Tax Annual Amount: 25452 Tax Year: 2024 Flood Insurance Required?: No Leasehold Y/N: No Legal Description: A LOT 297.04 X 140.73 X 344.24 X 148.44 BEING APPROX 1.035 X IN SW4 SW4 & SE4 SW4

Remarks & Miscellaneous

Public Remarks: 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

Showing Requirements

Showing: Appointment Required

Auction

Auction: No

Basement Features

Basement: No
Listing Office: Real Broker
Listing Agent: Jeff Hadley
Last Updated: September - 11 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.