2305 Lakeland DrFlowood, MS 39232

This exceptional investment opportunity presents a 30,000-square-foot, two-story Class B office building situated on a 2.74-acre lot in Flowood, Mississippi. Currently vacant, this property offers significant upside potential. Built in 1987 and renovated in 2016, the building boasts 220 parking spaces and is zoned C-3 (General Commercial), allowing for diverse uses. The property's strong financial performance is highlighted by a substantial net operating income (NOI) of $369,817, resulting in an attractive 11.17% capitalization rate. Located at 2305 Lakeland Drive, 39232, the property benefits from high visibility on a road with 51,000 vehicles per day. The existing structure presents a unique opportunity for conversion to a Class A office building or a medical office facility, capitalizing on Flowood's growing medical district and limited Class A office space. The ample parking and expansive lot size further enhance the property's appeal and potential for future development. This is a compelling investment prospect with strong cash flow potential and significant long-term growth opportunities. The asking price is $3,310,000.