1150 Old Cedar Ln Flora, MS 39071
This bank-owned foreclosure presents a unique investment opportunity in Flora, Mississippi. Located at 1150 Old Cedar Lane, this two-story brick building, constructed in 2015, offers 9,598 gross square feet with 8,000 heated square feet. The property boasts a desirable mixed-use configuration currently housing retail spaces, restaurants, and a salon, ensuring a consistent revenue stream. The interior features a blend of modern and rustic design elements, including exposed beams, drywall, stained concrete, and wood laminate floors. Amenities include an elevator, central air conditioning, and heating. Situated in Flood Zone X, this property is ideally located for sustained development within a thriving commercial area of Madison County. The building is currently being offered via online auction concluding October 24th at 2 PM, with pre-auction offers considered. This is a prime opportunity for investors seeking to maximize returns through continued leasing or repurposing the space to suit new business ventures. The property's strong location and versatile design make it an attractive investment in a bustling commercial landscape. Don't miss this chance to acquire a cornerstone property in Flora, Mississippi.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.