2640 Lakeland DrFlowood, MS 39232

Property Details for 2640 Lakeland Dr

Year built

1978

Lot size

0.65 AC

Property size (Sq ft)

2,569 SF

Property type

Turn key restaurants

APN

E10L000009 00000

APU

E10L00000900000

Description

This exceptional QSR/restaurant opportunity in Flowood, MS, presents a rare chance to acquire a thriving business situated on a high-traffic corridor. The 2,500 square foot building, constructed in 1978, boasts a convenient drive-thru/pick-up window, perfectly positioned on US Hwy 25 (Lakeland Drive), experiencing an average daily traffic count of 50,000 vehicles. The property sits on a 0.71-acre lot and offers a rear drive accessing Layfair Drive, providing efficient traffic flow and utilizing the traffic signal at the intersection of US Hwy 25, Layfair Drive, and Tree Tops Blvd. The property's strategic location benefits from proximity to major employers and institutions, including Merit Health River Oaks Hospital, Merit Health Woman's Hospital, Blue Cross/Blue Shield of Mississippi Headquarters, Mississippi Air National Guard Headquarters, and Jackson Prep schools. The asking price is $995,000. An additional 1.05-acre unimproved lot behind the restaurant is available for purchase at $350,000, providing potential for expansion or future development. This fee-simple ownership offers significant potential for return on investment in a prime commercial location. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $493,178

  6.5%

  $455,242

  7%

  $422,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,804

  Geo Method

  $521,154

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $888,279

  Mixed-Use / Specialty

  $453,411

  Hospitality / Lodging

  $332,383

  Office

  $450,501

  Institutional / Educational

  $471,291

  Residential Income

  $551,410

  Multifamily

  $662,482

  Automotive / Energy

  $403,963

  Parking / Income-Based Land

  $139,608

  Restaurant / Food Service

  $235,380

  Healthcare / Senior Housing

  $465,177

Location Insight

City

Flowood

County

Rankin

State

Mississippi

Latitude

32.3301

Longitude

-90.1145

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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