$5,000,000
Santa Rosa Beach, FL 32459
MLS# 1003065
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Property 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.
Details
Maps
Documents
None
Current Price: $5,000,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 42380567
List Date: 2026-05-13
List Price: $5,000,000
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
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
Retail
# of Units: 5
Property Features
Class: Business Only; Income Producing; Retail; Other
Building Plans 
Listing Office: EXP Realty LLC
Last Updated: June - 25 - 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.