Spanish Trace Apartments – Panhandle Portfolio

Property Overview

Spanish Trace Apartments is a 14-unit mixed use building located in Niceville, Florida. Spanish Trace consists of twelve residential units which average 900 square feet, and two commercial units which average 3,037 square feet. The property was constructed in 1973 with concrete construction and is situated on approximately 0.95 acres. The property overlooks the Boggy Bayou which has amazing views and has direct access to the Choctawhatchee Bay. The property also has an adjacent parcel for sale where a new owner can either build additional units or common area amenities.
https://www.crexi.com/properties/1556837/florida-spanish-trace-apartments

This property is also being offered together with Crestview Townhomes, a 10-unit townhome property approximately 20 minutes away.
https://www.crexi.com/properties/1556804/florida-crestview-townhomes-10-units-value-add-opportunity

Please contact Andrew Green (Andrew.Green@foundrycommercial.com) to discuss the offering.