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

Spaces For Lease

at 4506-4546 HWY 20 E & 1501 Merchants Way Contact us

Listing office Bellcore Commercial LLC h***@bellcorecommercial.com Show Phone

Listing date Nov 21, 2025

Source Bellcorecommercial

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Bellcore Commercial LLC

Report an issue

---

Investment Insights

Based on property information with market context.

Located in the Winn-Dixie anchored shopping center in Bluewater Bay, this property offers prime retail, restaurant, and office space. The Bluewater Bay shopping center features over 105,599 square feet of retail, restaurant, and office space. Situated in the desirable Niceville trade area, the location provides excellent visibility from Highway 20, the main arterial in Niceville, which experiences high traffic counts of over 28,500 vehicles per day. Ample parking and pylon signage are available. The landlord is willing to consider subdividing the spaces. The center is located in the heart of the Bluewater Bay market in Niceville, Florida, benefiting from the area's strong housing market and economy. This is due to its proximity to one of the world's largest air force bases, the hospital, Northwest Florida College, highly-rated schools, the Destin/Ft Walton airport, and numerous new developments. Restaurant space is available up to 2,500 square feet, with office/retail spaces ranging from 1,200 to 2,500 square feet. The average household income within a 5-mile radius exceeds $103,015.

Key Highlights

• Winn‑Dixie anchored shopping center in a desirable location.
• High traffic counts (over 28,500 VPD) and excellent visibility from Hwy 20.
• Located in the heart of the Bluewater Bay market within the highly desirable Niceville trade area.

Property Analytics

Property Profile Location Intelligence

Similar For Rent Nearby

• 

  $28 SF/Yr

  1,918 SF

  Bluewater Bay Retail and Office

  Retail, restaurant, and office spaces available in Niceville, Florida.

  4512 E Hwy 20, Niceville, FL

  View Details
• 

  $7,083/Mo

  5,000 SF

  Move-in Ready Office Space

  5,000 SF office space with 12 offices available for rent.

  1047 E John Sims Parkway, Niceville, FL 32578

  View Details
• 

  $5,458/Mo

  Medical/Office Space Near Hospital

  Conveniently located near Twin Cities Hospital, Eglin AFB, and Duke Field.

  X College Blvd, Niceville, FL 32578

  View Details
• 

  $6,901/Mo

  Medical/Office Space Near Hospital

  Conveniently located near Twin Cities Hospital and major highways.

  XX Highway 85, Niceville, FL 32578

  View Details
• 

  $2,083/Mo

  7,116 SF

  Class A Retail/Office Space

  Highly visible retail/office spaces in Niceville, strong traffic flow.

  4576 E Highway 20 END CAP, Niceville, FL

  View Details
• 

  $15 SF/Yr

  2,500 SF

  Bluewater Bay Retail/Office Space

  Retail, restaurant, and office spaces available in Niceville, Florida.

  4506 FL-20, Niceville, FL 32578

  View Details

Similar Off Market Nearby

• Coinstar Kiosk | Bitcoin ATM — 4512 E Hwy 20, Niceville, FL 32578

FAQs

What type of property is this?

Shopping center - Retail, restaurant, and office spaces available in Niceville, Florida.

Where is this shopping center located?

The property is located at 4506-4546 HWY 20 E & 1501 Merchants Way Niceville, FL.

What is the lease rate?

The lease rate is $15 SF/Yr.

What are key features of this property?

This property features: Winn‑Dixie anchored shopping center in a desirable location.; High traffic counts (over 28,500 VPD) and excellent visibility from Hwy 20.; Located in the heart of the Bluewater Bay market within the highly desirable Niceville trade area.