Go Zone Waterfront Developments

Go Zone viable waterfront development properties are available in south MS. These Go Zone investment opportunities offer 50% accelerated depreciation for rental properties put into service before the end of 2010. Go zone investing is a long term strategy because tax gains may be recaptured if sold prior to equalization. Waterfront Go Zone qualified investment opportunities make a lot of sense due to the well known fact that no other property type appreciates like waterfront.

The waterfront subdivision of Knollwood has a 40 unit “ready to go” Go Zone development. This site is located just north of the Pass Christian city limits in Harrison County only about 1 mile from the beach. Due to the lack of city services to the subdivision, along with county building limitations, Knollwood has been slow to develop and has been a well-kept waterfront secret….Until now.

The initiative of 1 resident has brought a private sewerage service to the quaint waterfront community here on the east side of St. Louis Bay. There is currently a county code restriction requiring the mostly 50X100 ft lots platted alongside the short canals in Knollwood to be consolidated into at least 1 acre for septic system usage. Current code requirements in the county require at least 1 complete acre for septic systems. The restrictive county requirement to build on at least an acre does not apply to properties connected to the new sewer line. The multi-family zoned property on Jones Road described herein will be serviced by the new sewer line making it a Go Zone viable development project in south MS.

The owner of the property currently has approval to build 40 units on this property. With over 700 ft of frontage on the newly paved main road, minimal infrastructure will be required to begin construction, making this Go Zone viable development project very attractive. All approvals are in place, all utilities are available, and any changes to the currently approved plans will be swift and assisted.

The options for Go Zone development include apartments, condos, townhomes, or a retirement community. A fantastic amenity included with the purchase of this property is a 100X150 ft waterfront lot located directly across the street. This lot will make an excellent boat launch and will help to add distinctive value to a private-waterfront community. The waterway is a short ride to the wide open St. Louis Bay, Gulf of Mexico, and the pristine Barrier Islands. The Pass Christian area is well known for having always been a favorite playground for Louisiana business people.

This site is located approximately 1 mile from the white sand beaches of the Gulf of Mexico, and only a few miles from Interstate 10. A new Wal-Mart is being constructed, on the beach, just a few minutes drive away and is scheduled to open in the fall of 2009. This site is “Ready to Go” and priced to move at $400,000. This waterfront development community offers great Go Zone Tax Benefits as well as future appreciability.

For more information, including bids on build-out with Go Zone 4-plexes starting under $80.00 per sq ft, contact Andries Butler with Tech Realty @ 228-547-7170 or Use this Contact Form.