Retail, restaurant, and office spaces available in Niceville, Florida.
Space Size1,200 SF - 4,000 SF
Lot Size10.20 Acres
Days on Market325
Property Features for 4512 E Hwy 20
General Information
Standard statusActive
Size1,200 SF - 4,000 SF
Lot size10.20 Acres
Property subtypeOFFICE
Lease TypeNNN
Spaces For Lease
at 4512 E Hwy 20Contact us
Bluewater Bay Shopping Center$15/SF/Yr
Size1,918 SF
TypeOFFICE
Lease TypeNNN
AvailabilityAVAILABLE
SubleaseNo
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.
Property Highlights:
Prime restaurant, medical, retail, and office space available in the desirable grocery-anchored shopping center in Bluewater Bay
Ideal location in Niceville with ample parking and great pylon signage available
High traffic counts in front of the center with over 33,000 VPD
Contact us
Bluewater Bay Shopping Center$22/SF/Yr
Size4,000 SF
TypeOFFICE
Lease TypeNNN
AvailabilityAVAILABLE
SubleaseNo
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.
Property Highlights:
Prime restaurant, medical, retail, and office space available in the desirable grocery-anchored shopping center in Bluewater Bay
Ideal location in Niceville with ample parking and great pylon signage available
High traffic counts in front of the center with over 33,000 VPD
Contact us
Bluewater Bay Shopping Center$22/SF/Yr
Size4,000 SF
TypeRETAIL
Lease TypeNNN
AvailabilityAVAILABLE
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.
Property Highlights:
Prime restaurant, medical, retail, and office space available in the desirable grocery-anchored shopping center in Bluewater Bay
Ideal location in Niceville with ample parking and great pylon signage available
High traffic counts in front of the center with over 33,000 VPD
Contact us
Bluewater Bay Shopping Center$28/SF/Yr
Size1,200 SF
TypeRETAIL
Lease TypeNNN
AvailabilityAVAILABLE
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.
Property Highlights:
Prime restaurant, medical, retail, and office space available in the desirable grocery-anchored shopping center in Bluewater Bay
Ideal location in Niceville with ample parking and great pylon signage available
High traffic counts in front of the center with over 33,000 VPD
Listed By:Harry Bell · License ##BK3026917(850) 240-0527
Source:Moodyscre
Added: Nov 24, 2025Changed: Sep 17Last Checked: Oct 15 at 12:59AM
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
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 for rent. The Bluewater Bay shopping center features over 105,599 square feet of retail, restaurant, and office space. Restaurant spaces up to 2,500 square feet are available, along with 1,200 to 2,500 square feet of office and retail space. The property is situated in the Niceville trade area, providing excellent visibility from the highly trafficked Highway 20, the main arterial in Niceville. Ample parking is available, along with pylon signage opportunities. The landlord is willing to consider subdividing the spaces. The property is suitable for shopping center, retail, and office use.
Key Highlights
Located in the desirable Winn‑Dixie anchored Bluewater Bay shopping center.
Excellent visibility from highly trafficked Hwy 20.
Located within the highly desirable Niceville trade area.
Property Analytics
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Current Use
Shopping centers
Suggested Use
Top PickBuilding SupplyReal Estate AgencyElectrical ServiceRestaurantGarden CenterCarpet & Flooring Store
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate%for Office in South region
14.4%2019
16.4%2020
17.3%2021
18%2022
18.6%2023
20.3%2024
20.2%2025
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Shopping center - Retail, restaurant, and office spaces available in Niceville, Florida.
Where is this shopping center located?
The property is located at 4512 E Hwy 20 Niceville, FL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Located in the desirable Winn‑Dixie anchored Bluewater Bay shopping center.; Excellent visibility from highly trafficked Hwy 20.; Located within the highly desirable Niceville trade area.
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New: 350 Mission StJust listed · $36/SF · 2 min ago