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 area 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.
Lot/land
$400,000
311 Kelly Rd, Niceville, FL 32578
--beds
--baths
0.8Acres
Unimproved Land
Built in ----
0.8 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 4 days |
- 61 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: January 27, 2026 at 05:12am
Listed by:
Chris Carter 850-865-7975,
Real Broker LLC
Source: ECAOR,MLS#: 993839
Originating MLS: Emerald Coast
Facts & features
Property
Lot
- Size: 0.8 Acres
- Dimensions: 120 x 330
- Features: Addl Land Available, Irregular Lot, Within 1/2 Mile to Water
Details
- Parcel number: 011S23000000760000
- Zoning description: Commercial,Resid Multi-Family,Resid Single Family
Utilities & green energy
- Sewer: Community Sewer
- Water: Community Water
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Metes & Bounds
Location
- Region: Niceville
Financial & listing details
- Date on market: 1/27/2026
- Listing terms: Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Listed for sale | $400,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 32578
Nearby schools
GreatSchools rating
- 9/10Lula J. Edge Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 9/10Okaloosa Stemm CenterGrades: PK,6-8Distance: 0.7 mi
- 7/10Niceville Senior High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Edge
- Middle: Lewis
- High: Niceville
Source: ECAOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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