311 Kelly Road, Niceville, FL 32578

New Listing
$700,000
Property Type: Commercial for Sale 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# 1004886

Contract Info

GCCMLS Number: 44222860 Listing Board: Emerald Coast List Date: 2026-06-06 List Price: $700,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou 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

Listed on GCCMLS: Yes Property Information: Prime ±2.75-acre redevelopment opportunity in the City of Niceville CRA District! Multi-Use zoning offers flexibility for mixed-use, multifamily, office, or investment redevelopment. Existing duplex provides immediate value-add potential with a newer metal roof already in place. Large vacant portion of the property creates room for expansion, additional units, or commercial concepts (subject to approvals). Rare opportunity in one of Niceville's fastest-growing corridors. Vacant: Yes Immediate Occupancy: Yes Lot Depth: 654 Zoning: Multi-use Lot Frontage: 490 Future Land Use: R2 Multi Use Acreage: 2.75

Listing Info, Tax & Legal

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.

Class

Land: 1 Multi-Family: 1

Construction Status

Existing: 1

Land

Property Type: Mixed Use

Multi-Family

Year Built: 1985 Building SqFt: 2044 # of Units: 2 Vacancy Rate: 100 # Stories/Buildings: 2

None

Current Price: $700,000

Status Change Info

Status: Active

Location Tax and Legal

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

Property Features

Class: Land; Multi-Family Construction Status: Existing
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.