204 Kelly Rd Niceville, FL 32578

Property Details for 204 Kelly Rd

Year built

1997

Construction

STEEL FRAME

Lot size

1.42 lot acres

Property size

2,000 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

01-1S-23-0000-0048-0030

APU

011S23000000480030

Description

This exceptional investment opportunity presents a well-maintained 19,650 square foot self-storage facility located at 204 Kelly Road Unit 204, Niceville, Florida. Situated on a 1.42-acre lot, this property comprises 196 individual storage units, offering ample space for a thriving business. Constructed in two phases (1998 and 2005), the facility is zoned C-2 by the City of Niceville, ensuring flexibility and potential for future expansion. Currently operating at 75% occupancy, this property presents a significant value-add opportunity. The existing rental rates are believed to be below market value, indicating substantial potential for increased revenue and profitability. All units are non-climate controlled. This strategically located asset in central Okaloosa County offers a robust and lucrative investment prospect with considerable upside potential for the discerning owner/investor. The property's strong location and current occupancy levels make it an attractive proposition for those seeking a high-yield commercial investment in a growing market. The existing infrastructure and established tenant base provide a solid foundation for immediate returns and future growth. This is a rare chance to acquire a well-established self-storage facility with significant room for improvement and increased profitability. The property's size and location make it an ideal investment for both seasoned investors and those new to the commercial real estate market.