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    FOR SALE
    Commercial land

    Unknown, Niceville, FL 32578

    2.96 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US18-6505853
    Property summary
    AI-generated overview

    This exceptional 3.47-acre parcel is situated on John Sims Parkway in Niceville, Florida, a high-traffic area offering significant commercial potential. The property presents a unique investment opportunity due to its prime location on a major thoroughfare. The substantial lot size allows for a variety of development possibilities, catering to diverse business needs. While the square footage of any existing structures is not specified, the land itself is the key asset. The property is currently subject to an annual ground lease with a rate of $237,000. This established lease provides immediate and substantial income potential for the investor. Given the strategic location and the existing lease, this property represents a compelling investment opportunity for those seeking a strong return on investment in a thriving commercial area. The high visibility and accessibility of the John Sims Parkway location make this an ideal site for a wide range of commercial ventures. Serious inquiries are encouraged to explore the full potential of this exceptional property. The asking price for this significant land holding is $19,750. This represents a rare chance to acquire a substantial commercial property in a prime Niceville location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.96 ac (129,000 SF)
    APN 05-1S-22-256A-0044-0000
    UPID US18-6505853
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    RUCKEL PROPERTIES
    RUCKEL PROPERTIES
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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