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Bluewater Bay Retail and Office
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4512 E Hwy 20, Niceville, FL

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

Space Size1,200 SF - 4,000 SF
Lot Size10.20 Acres
Days on Market279

Property Features for 4512 E Hwy 20

General Information

Standard status Active
Size 1,200 SF - 4,000 SF
Lot size 10.20 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 4512 E Hwy 20 Contact us

Bluewater Bay Shopping Center $15/SF/Yr

Size
1,918 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Prime retail and office space available within the highly desirable Winn-Dixie–anchored...
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Contact us

Bluewater Bay Shopping Center $22/SF/Yr

Size
4,000 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
Prime retail and office space available within the highly desirable Winn-Dixie–anchored...
show more
Contact us

Bluewater Bay Shopping Center $22/SF/Yr

Size
4,000 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
Prime retail and office space available within the highly desirable Winn-Dixie–anchored...
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Contact us

Bluewater Bay Shopping Center $28/SF/Yr

Size
1,200 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
Prime retail and office space available within the highly desirable Winn-Dixie–anchored...
show more
Contact us
Listing Agency: Bellcore Commercial LLC
Listed By: Harry Bell · License ##BK3026917
Source: Moodyscre
Added: Nov 24, 2025 Changed: Aug 8 Last Checked: Aug 30 at 2:40PM

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

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Real Estate Agency Electrical Service Restaurant Garden Center Carpet & 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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

26
Businesses Nearby
Balanced
Demand for This Use

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

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 4512 E Hwy 20 Niceville, FL.
What is the lease rate?
The lease rate is $22 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.
(850) 240-0527 Call to check price and availability
More about this property
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