Gulfport Highlands Development
Highway 605 & John Ross Road Gulfport, MS 39503
Highway 605 & John Ross Road, Gulfport, MS, 39503
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For Sale
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30.5-acre development site suitable for retail, restaurant, or office use.
Lot Size30.50 Acres
Days on Market1306
Property Features for Highway 605 & John Ross Road
General Information
- Standard status
- Active
- Lot size
- 30.50 Acres
- Property subtype
- Land
Listing Agency
Vallas Realty
(251) 344-1444
Listed by
Robert Cook · License #AL 000083873
Source
Crexi
Added: Dec 21, 2022 Checked: Jul 17 at 3:43 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vallas Realty
Investment Insights
Based on property information with market context.
Gulfport Highlands, situated at the intersection of Highway 605 and John Ross Road, presents a development opportunity suitable for retail, restaurant, medical, or office use. This approximately 30.5-acre development is strategically located in a high-growth corridor of Harrison County, less than one mile from I-10. The outparcels along Highway 605 are zoned B2, offering excellent visibility for quick-service restaurants, retail establishments, or office users. The rear acreage, zoned RB - Residential Business, is suitable for office or medical users. Gulfport Highlands is located in a Qualified Opportunity Zone and is also eligible for New Market Tax Credits and Health Care Industry Zone incentives. It is less than 5 miles from Garden Park Medical Center. The Health Care Industry Zone Incentive provides sales and property tax abatements for up to ten years on health care-related development. New Market Tax Credits are applicable and can be utilized across various development types, sold, and used for project equity. Qualified Opportunity Zone benefits include deferring taxes, stepping up the basis from previous investments, and potentially avoiding tax on development gains, depending on the holding period (7-10 years). Census tract 28047003206.
Key Highlights
- Located in a Qualified Opportunity Zone, offering various tax benefits.
- Eligible for New Market Tax Credits, which can be used for project equity.
- Located in a Health Care Industry Zone, providing sales and property tax abatements for up to ten years on health care related development.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 30.5-acre development site suitable for retail, restaurant, or office use.
Where is this commercial land located?
The property is located at Highway 605 & John Ross Road Gulfport, MS.
What are key features of this property?
This property features: Located in a Qualified Opportunity Zone, offering various tax benefits.; Eligible for New Market Tax Credits, which can be used for project equity.; Located in a Health Care Industry Zone, providing sales and property tax abatements for up to ten years on health care related development.