38 Thompson Road, Santa Rosa Beach, FL 32459 (MLS# 1003065)

38 Thompson Road, Santa Rosa Beach, FL 32459

$4,999,999

Property Type: Commercial for Sale Lot Size (sq. ft.): 47,916 Status: Active

Current Price: $4,999,999 List Date: 5/14/2026 Last Modified: 8/20/2026

Overview

Description

Owner Financing Available! Fully Leased 2024 Construction | Future Signalized Intersection Invest in a property designed to dominate the Santa Rosa Beach corridor. Positioned at 38 Thompson Rd, this 9,791 sq. ft. asset is a fortress of efficiency and visibility. The owner spared no expense, upgrading the structure to Category 5 hurricane resistance with 16' thick ICF exterior walls, ensuring a maintenance-free life cycle and superior insurance advantages. Future Signalized Access: The DOT has confirmed a new traffic light at this intersection, guaranteeing significantly increased traffic counts and effortless ingress/egress for tenants. Maximum Flexibility: With zero interior load-bearing walls, the 5 fully leased units offer a 'future-proof' layout that can be easily reconfigured. Unrivaled Frontage: ±440 feet of direct Highway 98 exposure just 1.5 miles from the Gulf. Owner Financing available with a 5 year balloon at Prime interest rates.

Listing Details MLS# 1003065

Contract Info

GCCMLS Number: 42380567
Listing Board: Emerald Coast

Location Tax and Legal

Area: 17 - 30A West
Street #: 38
Street Name: Thompson
Street Suffix: Road
State: FL
Zip Code: 32459
County: Walton
Parcel ID: 33-2S-20-33260-001-0004

General Property Info

Listed on GCCMLS: Yes
Acreage: 1.1
Lot SqFt: 66000
Lot Frontage: 440
Lot Depth: 150

Business Only

Year Built: 2024
Building SqFt: 9791
Actual Gross Income: 386150.46
Expenses: 60773.23
Cap Rate: 6.5
Net Operating Income: 325377.23
Real Estate Option: Real Estate By Lease

More Information

Income Producing

Year Built: 2024
Building SqFt: 9791
Annual Gross Income: 386150.46
Expenses: 60773.23
Net Operating Income: 325377.23
Cap Rate: 6.5

Other

# of Units: 5

Retail

# of Units: 5

Property Features

Class: Business Only; Income Producing; Retail; Other

Documents

Building Plans ›

Listing Office: EXP Realty LLC

Last Updated: August - 20 - 2026

All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.