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.