For Lease

Bluewater Bay Shopping Center & Office Complex

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

11,118

SF Available
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.

Key features

  • 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

Rental Details

  • Number of spaces 4
  • Total square feet available 11,118 SF
  • For Lease $15.00 - $28.00/SF/YR
  • Space Types General Office, Medical Office, Strip
  • Lease Type NNN
  • Date Updated May 22, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

For Lease 4 Spaces Available

Contacts

Harry Bell

Bellcore Commercial

Building Details

  • For Lease $15.00 - $28.00/SF/YR
  • Property Type Retail
  • Property Size 105,599 SF
  • Lot Size 10.2 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated May 22, 2026

Attachments

Getting Around

  • Walk Score ®

    Somewhat Walkable (59)

  • Bike Score ®

    Bikeable (60)
Powered by Walk Score ®

Location

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

Points of Interest

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

Cellphone Lot

7.88 miles

Employee Parking

7.97 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 Summary

  • The Price for Retail Space at 4506-4546 HWY 20 E & 1501 Merchants Way

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 4506-4546 HWY 20 E & 1501 Merchants Way, asking rent starts at $$15.00/SF/YR per square foot.

    4506-4546 HWY 20 E & 1501 Merchants Way is located in the Bluewater Bay neighborhood, which is home to a total of 4 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 4506-4546 HWY 20 E & 1501 Merchants Way

    Mixed-use buildings combining two or more commercial real estate asset types can have more potential in attracting and retaining retail customers. Commercial space at 4506-4546 HWY 20 E & 1501 Merchants Way offers 4 retail listing(s) totaling 11,118 square feet. Additionally, available space at this property includes 3 office space(s) totaling 9,918 square feet.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 4 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 4506-4546 HWY 20 E & 1501 Merchants Way, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Bluewater Bay Neighborhood

    4506-4546 HWY 20 E & 1501 Merchants Way is located in the Bluewater Bay neighborhood of Niceville. The Bluewater Bay retail market offers 4 retail listing(s), representing a total of 9,618 square feet of retail space for lease.

    The most common retail type in the Bluewater Bay neighborhood is General Office, of which the market currently offers 2 space(s). You can also find 1 Medical Office space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Bluewater Bay resident is 43 years old, and the median household income here is $108,972 per year.

Contact Listing Broker
Harry Bell

Bellcore Commercial

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