311 Kelly Road, Niceville, FL 32578

New Listing
$700,000
Property Type: Land Lot Size (sq. ft.): 119,790 Status: Active
Current Price: $700,000 List Date: 6/06/2026 Last Modified: 6/06/2026

Description

Opportunity to acquire a ±2.75-acre multi-parcel located within the City of Niceville Community Redevelopment Agency (CRA) district, offering strong redevelopment and investment potential. The property includes an existing duplex that needs renovation, providing a true value-add opportunity, and features a new metal roof, offering a solid starting point for improvements. With Multi-Use zoning, the existing structure may be suitable for conversion to office or professional space, subject to city approvals. A significant portion of the parcel remains vacant, allowing flexibility for additional mixed-use concepts, or expanded multi-family, making this an ideal site for investors or owner-users looking to reposition the property.

More Information MLS# 1004883

Contract Info

Listing Board: Emerald Coast List Price/Acre: 254545.45 List Date: 2026-06-06 List Price: $700,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Elementary School: Edge Middle School: Lewis High School: Niceville Legal Description: Com Sw Cor Of Se1/4 Of Sw1/4 N452 Ft E150 Ft To Pob Thc E 56.05 Ft N 44 Deg E 219.42 Ft To Rd Nw Alg Rd 486.04 Ft S276 Ft E150 Ft S208 Ft To Beg As Or 893-149 & 1012-147 Less Beg At Pob N180 Ft N41 Deg E121 Ft To R/W S47 Deg E66 Ft S27 Deg W168 Ft S10 Deg E78 Ft W36 Ft To Pob

General Property Info

Sub-Type: Vacant Land Acreage: 2.75 Mineral Rights: Yes

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Last Taxes: 1596.06 Last Tax Year: 2025 Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Opportunity to acquire a ±2.75-acre multi-parcel located within the City of Niceville Community Redevelopment Agency (CRA) district, offering strong redevelopment and investment potential. The property includes an existing duplex that needs renovation, providing a true value-add opportunity, and features a new metal roof, offering a solid starting point for improvements. With Multi-Use zoning, the existing structure may be suitable for conversion to office or professional space, subject to city approvals. A significant portion of the parcel remains vacant, allowing flexibility for additional mixed-use concepts, or expanded multi-family, making this an ideal site for investors or owner-users looking to reposition the property.

Lot Features

Addl Land Available: 1 Irregular: 1 Within 1/2 Mile to Water: 1

Construction/Siding

Block: 1 Roof Metal: 1 Slab: 1

Lot Access

City Road: 1 Paved Road: 1

Utilities

Community Sewer: 1 Community Water: 1 Electric: 1

Zoning

Commercial: 1 Resid Multi-Family: 1 Resid Single Family: 1

Financing

Conventional: 1

None

Current Price: $700,000

Status Change Info

Status: Active

Location Tax and Legal

Street #: 311 Street Name: Kelly Street Suffix: Road Area: 13 - Niceville State: FL Zip Code: 32578 County: Okaloosa Project Name/Subdivision: METES & BOUNDS Parcel ID: 01-1S-23-0000-0076-0000

Property Features

Lot Access: City Road; Paved Road Lot Features: Addl Land Available; Irregular; Within 1/2 Mile to Water Zoning: Commercial; Resid Multi-Family; Resid Single Family Utilities: Community Sewer; Community Water; Electric Financing: Conventional
Listing Office: Real Broker LLC
Last Updated: June - 06 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.