309-311 Kelly Road, Niceville, FL 32578

Rare opportunity to acquire three adjacent multi-use parcels totaling ±1.6 acres within the City of Niceville Community Redevelopment Agency (CRA) district, offering exceptional redevelopment and investment potential in a growing corridor.

The assemblage includes a combined ±0.80-acre vacant parcel and one ±0.80-acre parcel improved with an existing duplex, creating multiple paths for value creation. The duplex presents a true value-add opportunity with renovation potential and features a new metal roof, providing a solid foundation for repositioning. With Multi-Use zoning, the existing structure may be suitable for conversion to office or professional use, subject to City approvals.

A significant portion of the combined site remains vacant, allowing flexibility for additional commercial development, mixed-use concepts, expanded multi-family, or owner-user projects. The property is located in an established area of Niceville with nearby residential and commercial activity and benefits from its CRA designation, which may offer redevelopment incentives.

This offering presents a rare chance to assemble a larger development footprint in a supply-constrained market with strong long-term fundamentals.

Buyer to verify zoning, density, permitted uses, and CRA incentives with the City of Niceville.