Spanish Trace 14-Unit Apartment
For Sale
Contact for pricing
Pending
203 W John Sims Pkwy, Niceville, FL 32578
Concrete construction includes residential and commercial space on nearly one acre, plus an adjacent parcel for potential expansion.
Property SizeContact for details
Days on Market142
Property Features for 203 W John Sims Pkwy
General Information
Standard status
Pending
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
12
Building Details
Year Built
1973
Construction
concrete
Listing Agency:
SeaCrest Advisors LLC
Listed By:
Andrew Green, CCIM · License #FL SL3341222
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 1:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SeaCrest Advisors LLC
Investment Insights
Based on property information with market context.
Spanish Trace is a 14-unit apartment property with twelve residential units and two commercial units. Built in 1973, the asset features concrete construction and occupies 0.95 acres. An adjacent 0.85-acre parcel is included, providing additional land that could support on-site amenities or potentially accommodate additional units, subject to applicable approvals.
The property fronts John Sims Parkway in Niceville and is within the Niceville Community Redevelopment Agency. Its setting provides access to State Road 293, Destin-Fort Walton Beach Airport, nearby retail destinations, and recreational opportunities along Choctawhatchee Bay, with views toward Boggy Bayou. Exterior renovations and light interior upgrades are identified as potential improvement areas, with possible CRA cooperation for exterior work.
The property fronts John Sims Parkway in Niceville and is within the Niceville Community Redevelopment Agency. Its setting provides access to State Road 293, Destin-Fort Walton Beach Airport, nearby retail destinations, and recreational opportunities along Choctawhatchee Bay, with views toward Boggy Bayou. Exterior renovations and light interior upgrades are identified as potential improvement areas, with possible CRA cooperation for exterior work.
Key Highlights
- 14‑unit property with twelve residential units and two commercial units
- 0.95‑acre site plus adjacent 0.85‑acre parcel
- Concrete construction; built in 1973
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 32578, FL
35,075
Population
14,578
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
23.2 sq mi
ZIP Area
1,512
Density / Sq Mi
$105,858
Median Household Income
$52,028
Median Earnings
$1,744
Median Rent
$414,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Concrete construction includes residential and commercial space on nearly one acre, plus an adjacent parcel for potential expansion.
Where is this apartment building located?
The property is located at 203 W John Sims Pkwy Niceville, FL.
What are key features of this property?
This property features: 14‑unit property with twelve residential units and two commercial units; 0.95‑acre site plus adjacent 0.85‑acre parcel; Concrete construction; built in 1973
