Shopping Center

Niceville, FL Shopping Centers for Lease

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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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Bluewater Bay Retail and Office
Updated: Nov 24, 2025
Bluewater Bay Retail and Office

4512 E Hwy 20, Niceville, FL

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1,918 sqft 10.20 AC lot
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.
Ample parking available.
Excellent co‑tenant mix.
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Niceville, FL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities

Shopping centers for Lease in Nearby Cities

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

Former CVS Retail Space
Former CVS Retail Space

65 Poinciana Blvd, Miramar Beach, FL 32550

$14.50 SF/Yr
12,000 sqft

Shopping center space near Silver Sands Outlet Mall with signalized access and connections to Hwy 98 and Old 98.

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Retail Space at Rufus Ray Plaza
Retail Space at Rufus Ray Plaza

11275 Emerald Coast Parkway, Miramar Beach, FL 32550

$3,958/Mo

Positioned along Emerald Coast Parkway, west of Silver Sands Outlet Mall.

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Retail Space in Destin Corridor
Retail Space in Destin Corridor

981 U.S 98, Destin, FL 32541

$27 SF/Yr
84,682 sqft

Prime retail space in Destin's high-traffic retail corridor.

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Retail Space in Destin, Florida
Retail Space in Destin, Florida

4447 Commons Drive East, Destin, FL 32541

Contact for pricing
4,300 sqft

Retail space available in high-traffic Destin shopping center.

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Niceville, FL Shopping centers Lease Rates & Market Statistics

Explore 2 Shopping centers for lease in Niceville, FL on Realmo, a commercial real estate exchange covering the Niceville area. The current inventory totals 107,517 square feet of properties.

Asking lease rates for Shopping centers 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 44% below Florida's state average of $26.83 SF/Yr.

Niceville accounts for 18% of the 11 shopping centers currently available across Okaloosa County, where nearby markets include Destin and Crestview. Shopping centers are one of the more limited space types in Niceville, with just 2 listings currently available — a scarcity worth factoring into lease negotiations.

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