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    Valparaiso, FL Shalimar, FL Destin, FL Fort Walton Beach, FL Miramar Beach, FL Mary Esther, FL Santa Rosa Beach, FL Crestview, FL
    Bluewater Bay Retail/Office Space
    Updated: Nov 21, 2025
    Bluewater Bay Retail/Office Space

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

    $15 SF/Yr
    105,599 sqft
    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.
    Strong demographics: Average household income over $103,015 within a 5‑mile radius.
    Ample parking and excellent pylon signage available.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Niceville, FL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 1 Properties for Sales.

    Restaurants for Lease in Nearby Cities

    Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    661 Harbor Boulevard, Destin, FL 32541

    $13,500/Mo
    2,372 sqft 0.46 AC lot

    Existing parking and a functional drive-through support convenient customer access along Harbor Boulevard.

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    109 Cannery Ln, Miramar Beach, FL 32550
    109 Cannery Ln, Miramar Beach, FL 32550

    109 Cannery Ln, Miramar Beach, FL 32550

    Contact for pricing
    5,600 sqft

    Premier Waterfront Space - Village of Baytowne Wharf, Destin FL

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    Restaurant with Outdoor Seating
    Restaurant with Outdoor Seating

    10501 Emerald Coast Pkwy, Destin, FL 32541

    Contact for pricing
    6,000 sqft 2.30 AC lot

    6000 SF restaurant with 2000 SF covered outside seating.

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    Beachside Retail/Office Space For Lease
    Beachside Retail/Office Space For Lease

    1688 Scenic Gulf Dr Miramar Bch # FL, Miramar Beach, FL 32550

    $7,500/Mo
    1,050 sqft

    Rare Beachside Lease | Scenic Hwy 98 Frontage | Destin, FL

    View details

    Similar Spaces for Sale in Niceville, FL

    Consider Similar Space for Sale. We found 1 Spaces matching your search parameters.

    Former Restaurant on John Sims
    Former Restaurant on John Sims

    297 John Sims Pkwy E, Niceville, FL 32578

    Contact for pricing

    Former Burger King with drive-thru near Eglin Air Force Base.

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    Niceville, FL Restaurants Lease Rates & Market Statistics

    Explore 1 Restaurants listing for lease in Niceville, FL on Realmo, a commercial real estate exchange covering the Niceville area. The current inventory totals 105,599 square feet of properties.

    Asking lease rates for Restaurants in Niceville start at $15 SF/Yr, average $15 SF/Yr, and reach $15 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. At $15 SF/Yr, the local average runs 58% below Florida's state average of $35.82 SF/Yr.

    Niceville accounts for 9% of the 11 restaurants currently available across Okaloosa County, where nearby markets include Fort Walton Beach and Destin.

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