2470 Flowood DrFlowood, MS 39232

Property Details for 2470 Flowood Dr

Year built

2008

Lot size

3.86 AC

Property size (Sq ft)

57,272 SF

Property type

Office properties

APN

E10H000008 00000

APU

E10H00000800000

Description

This exceptional 7.99-acre commercial land parcel presents a compelling investment opportunity in Flowood, Mississippi. Located at 2470 Flowood Drive, this property boasts a strategic position on the south side of Flowood Drive, just west of its intersection with Mangum Drive. The land is situated in Rankin County, MS, zip code 39232, and encompasses the area south of Loop Road. The asking price is $2,784,355, translating to $8 per square foot. This prime location offers significant potential for development, particularly given its proximity to Newsouth Neurospine, a prominent spine care provider in Mississippi. The property's APN is E10H-000008-00000. The seller is open to considering land splits, making this an even more flexible investment. The sale terms require cash to the seller. While the cap rate is undisclosed, the property's location and potential for development make it a highly attractive proposition for discerning investors. The last update to this listing was April 3rd, 2023. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Mississippi community.

• CAP approach

  CAP return

  Valuation

  6%

  $9,600,166

  6.5%

  $8,861,692

  7%

  $8,228,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,368,759

  Geo Method

  $11,171,476

• Alternative Use

  Use

  Valuation

  Residential Income

  $10,988,498

  Hospitality / Lodging

  $10,065,405

  Institutional / Educational

  $8,374,299

  Healthcare / Senior Housing

  $8,662,304

  Retail / Commercial

  $13,026,687

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3223

Longitude

-90.1102

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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