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Property profile & analytics
OFF-MARKET
Turn key restaurants

2640 Lakeland Dr Flowood, MS 39232-8823

2,569 SF 0.65 ac lot Built 1978
Individually Owned 2-yr Hold Free & Clear
Property ID
US50-0302073
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 2,569 SF
Lot 0.65 ac (28,314 SF)
APN E10L000009 00000
UPID US50-0302073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Phong Phu Pham · 2 yrs held
Phong Phu Pham
since 2023
2 recorded transactions
2023
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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