Bluewater Bay Shopping Center & Office Complex

For Lease

4506-4546 HWY 20 E & 1501 Merchants Way, Niceville, FL 32578

You can currently find 4 retail space(s) available for lease at Bluewater Bay Shopping Center & Office Complex. Designated use type for space listed here includes general office, medical office and strip. Current retail listings at this property total 11,118 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Bluewater Bay Shopping Center & Office Complex.

Space Available For Lease 4

Contacts

Harry Bell

Bellcore Commercial

Property Details

  • Property Type Retail
  • Property Size 105,599 SF
  • Lot Size 10.2 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated May 14, 2026
Winn Dixie anchored center located in the heart of the Bluewater Bay market in Niceville, FL. The population growth in Niceville has skyrocketed in the last decade. It continues to have a strong housing market and economy due to its prime location near one of the world's largest air force bases, the hospital, NW FL college, highly-rated schools, the Destin/Ft Walton airport, and numerous new developments.Prime retail and office space available within the highly desirable Winn-Dixie–anchored Bluewater Bay Shopping Center. Suites ranging from 1,200 to 4,000 SF offer flexible opportunities for a variety of users. The ±105,599 SF center is strategically located in the heart of the Niceville trade area, providing exceptional access and visibility along Highway 20, the primary east-west corridor. The property features a strong co-tenant mix, ample parking, and prominent pylon signage, making it an ideal location for businesses seeking high exposure in a thriving market.
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Highlights

  • High traffic counts in front of the center with over 33,000 VPD
  • Ideal location in Niceville with ample parking and great pylon signage available
  • Prime restaurant, medical, retail, and office space available in the desirable grocery-anchored shopping center in Bluewater Bay

Attachments

Getting around

  • 59/100

    Walk Score ®

  • 60/100

    Bike Score ®

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Location

  • City Niceville, FL
  • Neighborhood Bluewater Bay
  • Zip Code 32578
  • Market Pensacola

Points of Interest

  • Kangaroo Express

    0.29 miles

  • Exxon

    0.47 miles

  • CEFCO Convenience Store

    2.45 miles

  • Texaco

    3.03 miles

  • Murphy USA

    3.25 miles

  • Tom Thumb

    3.37 miles

  • Cumberland Farms

    4.66 miles

  • CEFCO

    5.39 miles

  • Shell

    6.82 miles

  • Taxi Queue

    7.84 miles

  • Cellphone Lot

    7.88 miles

  • Employee Parking

    7.97 miles

  • The Schnitzel Lodge

    0.03 miles

  • Subway

    0.05 miles

  • Tisano's Garlic Grill

    0.09 miles

  • Whataburger

    0.09 miles

  • Ciao Bella Pizza

    0.11 miles

  • Red Ginger

    0.11 miles

  • Lenny's Subs

    0.17 miles

  • Little Caesars

    0.21 miles

  • Domino's

    0.30 miles

  • Taco Bell

    0.37 miles

  • Winn-Dixie

    0.04 miles

  • Publix

    2.62 miles

  • Walmart Supercenter

    3.21 miles

  • Ross

    3.43 miles

  • Beall's Outlet

    3.54 miles

  • ALDI

    3.73 miles

  • Palm Plaza

    3.75 miles

  • Bayou Plaza

    5.34 miles

  • Belk

    6.54 miles

  • Earthbound Trading Company

    6.56 miles

4506-4546 HWY 20 E & 1501 Merchants Way Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    4506-4546 HWY 20 E & 1501 Merchants Way is located in Bluewater Bay, which is home to a total of 4 listing(s). Retail space at Bluewater Bay Shopping Center & Office Complex asks $21.75/SF/YR per square foot.

  • The property includes 11,118 square feet of retail space for lease. Of this total, 5,918 square feet are General Office, 4,000 square feet are Medical Office, 1,200 square feet are Strip.

    Lease agreement conditions for the availability at this property include NNN.

    In addition to retail space, the property also includes 3 office space(s). Mixed-use buildings combining office space alongside retail present additional opportunities for steady foot traffic and a potentially loyal customer base.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Bluewater Bay is 43. The average household income here is $108,972 per year.

Contact Listing Broker
Harry Bell

Bellcore Commercial

  1. 1Main information
  2. 2Extra information
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