2280 Lakeland DrFlowood, MS 39232
- Office buildings
- 6,000 SF
Property Details for 2280 Lakeland Dr
- Year built
- 1995
- Lot size
- 21.70 AC
- Property size (Sq ft)
- 6,000 SF
- Property type
- Office buildings
- APN
- E10J000004 00000
- APU
- E10J00000400000
Description
This exceptional 23.41-acre commercial land parcel in Flowood, Mississippi, presents a unique development opportunity. Located on heavily trafficked Lakeland Drive, the property is zoned C-3 Commercial and ideally suited for retail, medical, or mixed-use projects. Approximately 9.86 acres are outside the Pearl River floodway and readily developable. A portion of the property lies within the proposed One Lake Plan, a significant flood-control project funded by the Infrastructure Investments and Jobs Act. This plan offers the added benefit of creating new recreational and business opportunities along the Pearl River shoreline. The property's address is 2280 Lakeland Dr, Flowood, MS 39232, and is offered for sale at $1,950,000. The One Lake Plan's development promises to enhance the property's value and desirability, creating a compelling investment opportunity in a rapidly growing area. This prime location and the potential for significant future development make this a truly exceptional offering. The property's location within Rankin County provides access to a thriving community and strong infrastructure. This is a rare chance to acquire a substantial tract of land with significant development potential in a desirable Mississippi location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,139,840
- 6.5%
- $1,052,160
- 7%
- $977,009
-
Comparable approach
- Method
- Valuation
- Relative Method
- $457,685
- Geo Method
- $1,170,360
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,074,610
- Retail / Commercial
- $1,063,230
- Mixed-Use / Specialty
- $1,058,960
- Hospitality / Lodging
- $776,294
- Institutional / Educational
- $1,100,720
- Residential Income
- $1,287,840
- Multifamily
- $1,547,250
- Automotive / Energy
- $943,472
- Parking / Income-Based Land
- $326,060
- Restaurant / Food Service
- $549,739
- Healthcare / Senior Housing
- $1,086,440
Location Insight
- City
- Flowood
- County
- Rankin
- State
- Mississippi
- Latitude
- 32.3329
- Longitude
- -90.1265
- CBSA code
- 27140
- CBSA name
- JACKSON, MS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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