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Highlights

  • Prime dental/medical, retail, and office space available in the desirable grocery-anchored shopping center in Bluewater Bay
  • High traffic counts in front of the center with over 33,000 VPD
  • Ideal location in Niceville with ample parking and great pylon signage available.

Space Availability (4)

Display Rent as

  • Space
  • Size
  • Term
  • Rate
  • Type
  • 1st Floor, Ste 100
  • 2,500 sq ft
  • Negotiable
  • Upon Application Upon Application Upon Application Upon Application
  • TBD
1501-1507 Merchants Way - 1st Floor - Ste 100
Space Use
Office
Availability
01/09/2026
  • Fits 7 - 20 People
  • 1st Floor, Ste 1507
  • 4,000 sq ft
  • Negotiable
  • Upon Application Upon Application Upon Application Upon Application
  • TBD
1501-1507 Merchants Way - 1st Floor - Ste 1507
Space Use
Office
Availability
Now
  • Fits 10 - 32 People
  • 1st Floor, Ste 250
  • 1,918 sq ft
  • Negotiable
  • Upon Application Upon Application Upon Application Upon Application
  • TBD
1501-1507 Merchants Way - 1st Floor - Ste 250
Space Use
Office
Availability
30 Days
  • Fits 5 - 16 People
  • 1st Floor, Ste 4518
  • 1,200 sq ft
  • 5 Years
  • Upon Application Upon Application Upon Application Upon Application
  • Triple Net
4506-4546 E Highway 20 - 1st Floor - Ste 4518
Space Use
Retail
Availability
Now
  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail
  • Space is in Excellent Condition
Space Size Term Rate Type
1st Floor, Ste 100 2,500 sq ft Negotiable Upon Application Upon Application Upon Application Upon Application TBD
1st Floor, Ste 1507 4,000 sq ft Negotiable Upon Application Upon Application Upon Application Upon Application TBD
1st Floor, Ste 250 1,918 sq ft Negotiable Upon Application Upon Application Upon Application Upon Application TBD
1st Floor, Ste 4518 1,200 sq ft 5 Years Upon Application Upon Application Upon Application Upon Application Triple Net

1501-1507 Merchants Way - 1st Floor - Ste 100

Size
2,500 sq ft
Term
Negotiable
Rate
Upon Application Upon Application Upon Application Upon Application
Type
TBD
Space Use
Office
Availability
01/09/2026

  • Fits 7 - 20 People

1501-1507 Merchants Way - 1st Floor - Ste 1507

Size
4,000 sq ft
Term
Negotiable
Rate
Upon Application Upon Application Upon Application Upon Application
Type
TBD
Space Use
Office
Availability
Now

  • Fits 10 - 32 People

1501-1507 Merchants Way - 1st Floor - Ste 250

Size
1,918 sq ft
Term
Negotiable
Rate
Upon Application Upon Application Upon Application Upon Application
Type
TBD
Space Use
Office
Availability
30 Days

  • Fits 5 - 16 People

4506-4546 E Highway 20 - 1st Floor - Ste 4518

Size
1,200 sq ft
Term
5 Years
Rate
Upon Application Upon Application Upon Application Upon Application
Type
Triple Net
Space Use
Retail
Availability
Now

  • Lease rate does not include utilities, property expenses or building services
  • Located in-line with other retail
  • Space is in Excellent Condition

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net (NNN) rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rent that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rent structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Select Tenants at Bluewater Bay

  • Tenant
  • Description
  • US Locations
  • Reach
  • Allstate Insurance Company
  • Insurance
  • 16,845
  • International
  • Avionics Test & Analysis Corporation
  • Manufacturing
  • -
  • Local
  • Cash's Discount Liquors
  • Other Retail
  • 4
  • National
  • Mission Escape
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Subway
  • Sub Sandwich
  • 28,850
  • International
  • Winn-Dixie
  • Other Retail
  • 491
  • National
Tenant Description US Locations Reach
Allstate Insurance Company Insurance 16,845 International
Avionics Test & Analysis Corporation Manufacturing - Local
Cash's Discount Liquors Other Retail 4 National
Mission Escape Arts, Entertainment, and Recreation - -
Subway Sub Sandwich 28,850 International
Winn-Dixie Other Retail 491 National

Property Facts

Total Space Available 9,618 sq ft
Centre Type Neighbourhood Centre
Stores 2
Centre Properties 2
Frontage East Highway 20
Net Internal Area 67,431 sq ft
Total Land Area 4.04 ac
Year Built 1996
Cross Streets 1501 Merchants Way

About the Property

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.

  • Air Conditioning
  • Signage

Attachments

Bluewater Bay OM
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100

Nearby Major Retailers

Bank of America
Lenny’s Grill & Subs
Synovus Bank
Hurricane Grill & Wings
Waffle House
CrossFit
  • Listing ID: 31534071

  • Date on Market: 27/03/2026

  • Last Updated:

  • Address: 4506-4546 E Highway 20, Niceville, FL 32578

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