38 Thompson Road, Santa Rosa Beach, FL 32459
$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
Overview
Description
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
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
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
- Yes
- Income Producing
- Yes
- Retail
- Yes
- Other
- Yes
Property Features
Class:
Business Only; Income Producing; Retail; Other
Documents
Building Plans ›
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.
