2246 Flowood DrFlowood, MS 39232

Property Details for 2246 Flowood Dr

Year built

1978

Lot size

6.35 AC

Property size (Sq ft)

3,211 SF

Property type

Office buildings

APN

E10G000001 00000

APU

E10G00000100000

Description

Exceptional commercial land investment opportunity in Flowood, Mississippi, totaling 6.352 acres and priced at $960,000 ($3.46/SF). This C-3 zoned property boasts a highly visible location at the signalized intersection of Flowood Drive and the future Tree Tops Blvd extension, providing easy access to major thoroughfares including Lakeland Drive (51,000 VPD), Highway 80 (20,000 VPD), Highway 49 (52,000 VPD), and Interstate 20 (77,000 VPD). The site benefits from prior site preparation, including clearing and some earthwork, and includes existing improvements consisting of a 3,190 square foot office building and a 5,500+ square foot metal warehouse. Its strategic location offers proximity to Jackson Airport, medical facilities, industrial parks, and a variety of retail and restaurant establishments. This property presents a unique development opportunity in a thriving commercial corridor. The address is 2246 Flowood Dr, Flowood, MS 39232.

• CAP approach

  CAP return

  Valuation

  6%

  $538,241

  6.5%

  $496,838

  7%

  $461,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $244,938

  Geo Method

  $626,338

• Alternative Use

  Use

  Valuation

  Residential Income

  $616,079

  Hospitality / Lodging

  $564,325

  Institutional / Educational

  $469,512

  Healthcare / Senior Housing

  $485,659

  Retail / Commercial

  $730,352

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3204

Longitude

-90.1187

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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