6.15 Acres Lakeland Drive

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6.15 Acres Lakeland Drive

Flowood, MS 39232
Asking Price
$1.60M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site spans 6.15 acres of commercial land.
  • Property is situated directly on the busy Lakeland Drive.
  • Asking price for the parcel is 1,600,000 dollars.
  • Land is located within the Flowood, Mississippi commercial market.
  • Significant acreage supports various retail or commercial building layouts.

What's Special

Retail or commercial development is well-suited for this 6.15-acre parcel positioned on Lakeland Drive in Flowood, Mississippi. The site occupies a strategic position along a primary corridor known for high traffic volume, making it a viable choice for businesses requiring significant visibility and accessibility within the regional trade area. Flowood serves as a central hub within the Jackson metropolitan area, benefiting from steady economic activity and proximity to key transit routes that connect the suburb to the broader central Mississippi region. Prospective developers and investors can leverage the substantial acreage for large-format commercial projects or multi-tenant complexes that cater to the local population and commuters. The flat, developable nature of the land provides a blank slate for modern site planning. Given its location in a growing commercial submarket, this asset represents a functional play for those looking to establish or expand a foothold in one of the metro area’s most active business corridors.

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

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