Private School, Daycare, or Multifamily - Niceville, FL

Multi-Family for Sale
Catylist Listing ID: 30364377
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 5 Units
Building Size (RSF): 3,524 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $359,000
Unit Price: $71,800 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/13/2019

Overview / Comments

Rare opportunity to purchase an turnkey educational or daycare facility in Niceville, FL. The 3,524 SF building is situated on .34 acres and features 3 large areas for classroom use, 3 smaller rooms, large office space, a lobby, 2 kitchens, 3 restrooms, and storage space. The property has a large fenced-in play space which features a bird sanctuary and garden area. The building would be ideal for a private school, daycare facility, or to be converted to a multi-family type use. The current owner has an existing license for preschool/daycare through Florida DCF that was renewed in April 2019. DCF allows for a "transfer of ownership" that grandfathers in the existing facility and capacity (102 children) and speeds up the licensing process to the new owner. The school is fully licensed, set up with age-appropriate equipment and learning materials, and is ready for children to attend. The property is within close proximity to the Northwest Florida State College, Niceville schools, Eglin Air Force Base, and numerous residential neighborhoods within the city of Niceville. The property is zoned R-2 which would allow up to +/-5.4 multifamily dwellings.

Zoning will allow the following maximum density:
Single-family detached: No more than 2 dwellings
Single-family attached (townhouse, minimum 2 units/bldg) : No more than 5.4 dwellings
Duplex/Triplex/Quadraplex: No more than 5.4 dwellings
Multi-Family: No more than 5.4 dwellings

Niceville School For Sale
Niceville Daycare For Sale
Niceville Educational Facility For Sale
Niceville Duplex Multifamily For Sale

Attachments & Media

Additional Details

Nearest MSA: Crestview-Fort Walton Beach-Destin
County: Okaloosa
Tax ID/APN: 05-1S-22-256B-0032-0140
Zoning: R-2
Zoning Description: Residential. Single-family detached and attached dwellings; category A and B mobile/manufactured homes; duplex, triplex, quadraplex dwellings; townhomes;multi-family; customary accessory uses; home occupation; home office of convenience; family day care homes, public and private schools and churches. Non-Residential Uses: parks; playgrounds; and recreation facilities; community facilities (i.e. neighborhood civic center, golf course, tennis courts, etc.), public transit stops and shelters. MAXIMUM DENSITY Single-family detached: No more than 2 dwellings Single-family attached (townhouse, minimum 2 units/bldg) : No more than 5.4 dwellings Duplex/Triplex/Quadraplex: No more than 5.4 dwellings Multi-Family: No more than 5.4 dwellings

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,440 26,065 35,186
Median Age: 43.62 41.47 41.93
Households: 2,301 10,290 13,821
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