Niceville Multi-Use Redevelopment
For Sale
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311 Kelly Rd, Niceville, FL 32578
0.80-acre parcel with redevelopment potential in Niceville CRA district.
Property SizeContact for details
Lot Size0.80 Acres
Days on Market195
Property Features for 311 Kelly Rd
General Information
Standard status
Active
Lot size
0.80 Acres
Property subtype
Land, Mixed Use
Zoning
R-2
Listing Agency:
Real Broker LLC
(850) 865-7975
Listed By:
Chris Carter · License #BK3210183
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a ±0.80-acre multi-use parcel located within the City of Niceville Community Redevelopment Agency (CRA) district. It offers strong redevelopment and investment potential. The property includes an existing duplex that needs renovation, providing a value-add opportunity. The duplex features a new metal roof. 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. This makes it an ideal site for investors or owner-users looking to reposition the property. Located in an established area of Niceville with nearby residential and commercial activity, this property presents a 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.
Key Highlights
- ±0.80‑acre multi‑use parcel in Niceville CRA district offers strong redevelopment and investment potential.
- Multi‑Use zoning allows for conversion to office/professional space or additional commercial/multi‑family development (subject to city approvals).
- Existing duplex with new metal roof provides a value‑add renovation opportunity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.80-acre parcel with redevelopment potential in Niceville CRA district.
Where is this commercial land located?
The property is located at 311 Kelly Rd Niceville, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: ±0.80‑acre multi‑use parcel in Niceville CRA district offers strong redevelopment and investment potential.; Multi‑Use zoning allows for conversion to office/professional space or additional commercial/multi‑family development (subject to city approvals).; Existing duplex with new metal roof provides a value‑add renovation opportunity.
