Highway 605 & John Ross Road Gulfport, MS 39503
30.5-acre development site suitable for retail, restaurant, or office use.
Type:Land
Lot size:
30.50 Acres- Added:
- Dec 21, 2022
- Days on Market:
- 1213
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for Highway 605 & John Ross Road
General Information
- Standard status
- Active
- Lot size
- 30.50 Acres
- Property subtype
- Land
Listing agent Robert Cook License #AL 000083873
Listing office Vallas Realty
Listing date Dec 21, 2022
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Vallas Realty
Overview
Gulfport Highlands Development Opportunity
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.
Location Intelligence
Current Use by Public Records
Commercial land
Map
- City
- Gulfport
- County
- Harrison
- State
- Mississippi
- Longitude
- -89.1512
- Latitude
- 30.478
Nearby Similar for Sale
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.
