311 Kelly Road, Niceville, FL 32578

$400,000
Property Type: Land Lot Size (sq. ft.): 34,848 Status: Active
Current Price: $400,000 List Date: 1/27/2026 Last Modified: 1/27/2026

Description

Opportunity to acquire a ±0.80-acre multi-use 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 commercial development, mixed-use concepts, or expanded multi-family, making this an ideal site for investors or owner-users looking to reposition the property. Located in an established

Supplements: area of Niceville with nearby residential and commercial activity, this property presents a rare chance to invest in a growing redevelopment corridor. Adjacent parcels are also available, allowing for potential land assembly. Buyer to verify zoning, density, and permitted uses with the City of Niceville.

More Information MLS# 993839

Contract Info

Listing Board: Emerald Coast List Price/Acre: 500000 List Date: 2026-01-27 List Price: $400,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Elementary School: Edge Middle School: Lewis High School: Niceville Legal Description: Brief description COM SW COR OF SE1/4 OF SW1/4 N452 FT E150 FT TO POB THC E

General Property Info

Sub-Type: Vacant Land Acreage: 0.8 Mineral Rights: Yes

Listing Info, Tax & Legal

Is Subject Leased: No Assessment Fees: No New Buyer Fee: No Brokerage Interest: No Interest As Is: Yes

Remarks & Misc

Remarks: Opportunity to acquire a ±0.80-acre multi-use 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 commercial development, mixed-use concepts, or expanded multi-family, making this an ideal site for investors or owner-users looking to reposition the property. Located in an established

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: $400,000

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: January - 27 - 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.