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Improved Mixed-Use Land for Sale in Flowood, Mississippi

5076 Lakeland Dr, Flowood, MS 39232

$3,500,000
2.89 acres
Active
ago
Est $19,270/mo

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

10,000
Sq feet
2019
Built

Location

Street address
5076 Lakeland Dr
Elevation
362 feet
Coordinates
32.3451, -90.0519

Property details

Acreage
2.89 acres
MLS #
MGCMLS 4125360
Posted

Property taxes

2024
$25,452 - A LOT 297.04 X 140.73 X 344.24 X 148.44 BEING APPROX 1.035 X IN SW4 SW4 & SE4 SW4

Parcels

  • G11-000044-00212

Legal description

Details and features

Listing

Type
Residential
Subtype
Retail

Listing history

DateEventPriceChangeSource
Nov 21, 2025New listing$3,500,000MGCMLS
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This 2.89-acre property is located at 5076 Lakeland Dr in Flowood, MS 39232. The property is available for sale for $3,500,000. It has a 10,000 sq ft structure built in 2019.

Checked 1 hour ago — Updated

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