4400 State Highway 20 East Niceville, FL 32578

Rare investment opportunity in Merchants Walk, part of Bluewater Bay located east of Niceville. Merchants Walk is a Homeowners Association, and nine of the ten suites are currently occupied with the tenth suite actively being negotiated, delivering immediate cash flow from day one. This property offers a prime location with strong visibility, easy access, and consistent tenant demand in one of the Emerald Coast’s most established and highly desirable markets, making it a turnkey asset ideal for investors seeking stability with upside potential. The Bluewater Bay area is fully developed, offering long-term stability and limited future competition. The monument signage located on Highway 20 is owned by the Merchants Walk Property Association; however, the additional value to a buyer includes seven (7) lower panels and the electronic scrolling sign, all of which convey at closing and provide excellent tenant exposure. The property also features a roof with approximately 15 years of remaining warranty, offering added peace of mind, and is surrounded by established businesses and ongoing area development, creating a strong income-producing asset in a high-demand corridor. Rent roll and expense information are available with executed NDA, and at the current list price the property reflects an approximate 6% cap rate. Call today for details or to schedule your private tour.