$5,000,000
Santa Rosa Beach, FL 32459
MLS# 1003065
1 / 21
Property 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.
Details
Documents
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
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.
