0 Hwy 285 & College Blvd Niceville, FL 32578
This exceptional 8.7-acre parcel presents a unique investment opportunity situated at the highly visible southeast corner of Highway 285 and College Boulevard. Its strategic location near the entrance to the Swift Creek Community at Winding Waters Way ensures high traffic visibility and accessibility. Currently zoned C-1, this property offers significant potential for a variety of development options. The seller is willing to subdivide the land to accommodate specific project needs. The list price is $49,000 per acre annually. A comprehensive analysis suggests that the highest and best use for this property includes retail, office, mixed-use, or multi-family development, making it an attractive prospect for developers seeking a prime location with substantial growth potential. The property's size and zoning provide flexibility for a wide range of commercial ventures. The parcel's APN is 05-1S-22-256A-0002-0010 and is located in Okaloosa County. This is a single-tenant property ideal for those seeking a prominent location for their business or investment portfolio. Don't miss this chance to acquire a strategically located commercial land parcel with exceptional development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.