38 Thompson Road, Santa Rosa Beach, FL 32459

New Listing
$5,000,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 47,916 Status: Active
Current Price: $5,000,000 List Date: 5/14/2026 Last Modified: 5/14/2026

Description

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.

More Information MLS# 1003065

Contract Info

GCCMLS Number: 42380567 Listing Board: Emerald Coast List Date: 2026-05-13 List Price: $5,000,000

Location, Tax and Legal

Sub Area: 1701 - Santa Rosa Beach S of 98 West of 393 Legal Description: COM NE/C LOT 1 SEC 33-2S-20W, S 00 DEG 57'00''E 280.80FT, N 89 DEG 59'24''W 161.96FT, N 00 DEG 56'17''W 280.77FT, E 161.89FT TO POB. OR 41-541 LESS 33FT FOR ROW LESS & EXCEPT DOT ROW IN OR 2022-36 OR 3160-3500 OR 3241-1992

General Property Info

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

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 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.

Class

Business Only: 1 Income Producing: 1 Retail: 1 Other: 1

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

Retail

# of Units: 5

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 Property Type: Other (See Remarks)

Other

# of Units: 5

None

Current Price: $5,000,000

Status Change Info

Status: Active

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

Property Features

Class: Business Only; Income Producing; Retail; Other

Documents

Listing Office: EXP Realty LLC
Last Updated: May - 14 - 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.