Highway 605 & John Ross Road
Land
Marketing description
Located at the Busy Intersection of Highway 605 and John Ross Road, Gulfport Highlands is Suitable for Retail, Restaurant, Medical or Office Use. The ±30.5 Ac Development is Well Positioned in a High-growth Corridor of Harrison County, Less Than One Mile From I-10. The Out Parcels Along Highway 605 Are Zoned B2, and Provide Excellent Visibility for Qsrs, Retail or Office Users. The Rear Acreage is Zoned Rb - Residential Business, and Would Meet the Needs of Any Office or Medical User. Gulfport Highlands is Located in the Qualified Opportunity Zone, and is Also Eligible for New Market Tax Credits and Health Care Industry Zone Incentives.
New Market Tax Credit eligible. Census tract 28047003206. New market tax credits can be used in a variety of development types. Tax credits can be sold and used for equity in a project.
Qualified Opportunity Zone. Various tax benefits including deferring taxes and stepping up basis from a previous investment and avoiding tax altogether on gains from an investment in a development, depending on holding period (7-10 years).
Health Care Industry Zone Incentive. Less than 5 miles from Garden Park Medical Center. Provides sales and property tax abatements for up to ten years on health care related development.
Investment highlights
- Lot 1: ±91,177 SF, $11.00 PSF / $1,002,947
- Lot 2: ±40,929 SF, $15.50 PSF / $635,000
- Lot 3: ±41,902 SF, $12.00 PSF / $502,824
- Lot 4: ±43,040 SF, $10.00 PSF / $430,400
- Lot 5: ±17,877 SF, $12.03 PSF / $215,000
- Lot 6: ±39,079 SF, $8.57 PSF / $335,000
- North ±6 acres: $4.59 PSF / $1,200,000
- ±2.4 acres at entrance: Inquire for Pricing
- ±2.1 acres East of Enhabit: Inquire for Pricing
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