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
Overview
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
Listing Details MLS# 4125360
General Property Information
- Approx Lot Size Acres
- 2.89
- Approx H/C SqFt
- 10000
- SqFt Source
- Plans
- List Price/SqFt
- 350
- Year Built
- 2019
- Year Built Source
- Owner
- Total Floors
- Yes
- Accessibility Features
- Yes
- Property Sub Type
- Retail
- New Construction
- No
Address and Location Information
- Street Number
- 5076
- Street Name
- Lakeland
- Street Suffix
- Drive
- County
- Rankin
- State
- MS
- Zip Code
- 39232
- Parcel Number
- G11-000044-00212
- Community Of
- N/A
Listing Information
- Property Sub Type
- Retail
- Listing Service
- Full Service
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
Auction
- Auction
- No
Showing Requirements
- Showing
- Appointment Required
More Information
Basement Features
- Basement
- No
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
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.