Spanish Trace Apartments is a 14-unit mixed-use property located in Niceville, Florida, comprising twelve residential units and two commercial units. The asset was built in 1973 with durable concrete construction and is situated on 0.95 acres. Additionally, the property is being offered with an adjacent 0.85-acre parcel, which could be utilized for on-site amenities or to potentially build additional units. The property is located within the Niceville Community Redevelopment Area (CRA), which is focused on revitalizing the region through the strategic use of public funds. Spanish Trace also benefits from the prime visibility facing John Sims Parkway, a major thoroughfare in Niceville, which has great access to the Destin-Fort Walton Beach Airport, State Road 293, and several nearby retail destinations. Overlooking the scenic Boggy Bayou, the property provides residents with easy access to recreational activities on the Choctawhatchee Bay. Spanish Trace offers a new owner a compelling opportunity to enhance the value through the utilization of the excess land, exterior renovations with the potential cooperation through the CRA, and through light interior unit upgrades. For more information, please sign and the below confidentiality agreements and email to Andrew Green (andrew.green@seacrestadvisors.com)