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311 Kelly Road, Niceville, FL 32578

$400,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 34,848 Status: Active
Current Price: $400,000 List Date: 1/27/2026 Last Modified: 1/27/2026

Description

Opportunity to acquire a ±0.80-acre multi-use parcel located within the City of Niceville Community Redevelopment Agency (CRA) district, offering strong redevelopment and investment potential. The property includes an existing duplex that needs renovation, providing a true value-add opportunity, and features a new metal roof, offering a solid starting point for improvements. 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, making this an ideal site for investors or owner-users looking to reposition the property. Located in an established are

Supplements: of Niceville with nearby residential and commercial activity, this property presents a rare 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.

More Information MLS# 993834

Contract Info

GCCMLS Number: 44222860 Listing Board: Emerald Coast List Date: 2026-01-27 List Price: $400,000

Location, Tax and Legal

Sub Area: 1302 - Valp No of Tom's Bayou Legal Description: COM SW COR OF SE1/4 OF SW1/4 N452 FT E150 FT TO POB THC E 56.05 FT N 44 DEG E 219.42 FT TO RD NW ALG RD 486.04 FT S276 FT E150 FT S208 FT TO BEG AS OR 893-149 & 1012-147 LESS BEG AT POB N180 FT N41 DEG E121 FT TO R/W S47 DEG E66 FT S27 DEG W168 FT S10 DEG E78 FT W36 FT TO POB

General Property Info

Listed on GCCMLS: Yes Vacant: Yes Immediate Occupancy: Yes Lot Depth: 127 Zoning: Multi-use Lot Frontage: 320 Acreage: 0.8

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Opportunity to acquire a ±0.80-acre multi-use parcel located within the City of Niceville Community Redevelopment Agency (CRA) district, offering strong redevelopment and investment potential. The property includes an existing duplex that needs renovation, providing a true value-add opportunity, and features a new metal roof, offering a solid starting point for improvements. 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, making this an ideal site for investors or owner-users looking to reposition the property. Located in an established are

Class

Land: 1 Multi-Family: 1

Construction Status

Existing: 1

Land

Property Type: Mixed Use

Multi-Family

Year Built: 1985 Building SqFt: 2044 # of Units: 2 Vacancy Rate: 100 # Stories/Buildings: 2

None

Current Price: $400,000

Status Change Info

Status: Active

Location Tax and Legal

Area: 13 - Niceville Street #: 311 Street Name: Kelly Street Suffix: Road State: FL Zip Code: 32578 County: Okaloosa Parcel ID: 01-1S-23-0000-0076-0000

Property Features

Class: Land; Multi-Family Construction Status: Existing
Listing Office: Real Broker LLC
Last Updated: January - 27 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.

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