38 W Thompson Rd, Santa Rosa Beach, FL 32459 (MLS# 973962)

38 W Thompson Rd, Santa Rosa Beach, FL 32459

$4,400,000

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

Current Price: $4,400,000 List Date: 10/29/2025 Last Modified: 10/29/2025

Overview

Description

Discover an exceptional commercial investment opportunity at 38 Thompson Rd, Santa Rosa Beach. Built in 2024, this substantial 9,791 sq ft retail/flex building features durable and energy-efficient ICF construction. The property is comprised of 5 individual units, with 4 already generating income through existing leases. Enjoy unparalleled exposure with approximately 440 feet of valuable frontage along heavily traveled Highway 98. Adding to the appeal, the DOT has confirmed a future traffic light at this location, promising increased traffic flow and accessibility. Situated just 1.5 miles from the Gulf of America, this property is located in a dynamic and rapidly expanding area. This is a unique chance to acquire a modern, income-producing asset with significant growth potential.

Listing Details MLS# 973962

Contract Info

GCCMLS Number: 42380567
Listing Board: Emerald Coast

Location Tax and Legal

Area: 17 - 30A West
Street #: 38
Street Direction: W
Street Name: Thompson Rd
State: FL
Zip Code: 32459
County: Walton
Parcel ID: 33-2S-20-33260-001-0002

General Property Info

Listed on GCCMLS: Yes
Description: Thompson Corner
Property Information: Income Producing Retail Other
Vacant: No
Immediate Occupancy: Yes
Acreage: 1.1
Lot SqFt: 66000
Lot Frontage: 440
Lot Depth: 150
Zoning: Village Mixed U

Income Producing

Year Built: 9791
Building SqFt: 10778

More Information

Other

Year Built: 2024
Building SqFt: 9791
# of Units: 5

Retail

Year Built: 2024
# 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,W ALG HWY 98 161.89FT TO POB;W 161.89FT,S 00 DEG 55'25''E 280.74FT,S 89 DEG 59'24''E 161.96FT,N 0 DEG 56'17''W 280.77FT TO POB. OR 50-465 LESS ANY OF THE ABOVE DESC. LYING IN THE FOLLOWING DESC. BOUNDARIES: COM AT SE/C OF SEC N 01 DEG 27'42''E 5290.23FT ALG E LN OF SADI SEC TO PT ON CENTERLINE OF ST RD 30,DPRT E SEC LN N 87 DEG 41'16''W 33FT,S 01 DEG 27'42''W 50.01FT T

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: Discover an exceptional commercial investment opportunity at 38 Thompson Rd, Santa Rosa Beach. Built in 2024, this substantial 9,791 sq ft retail/flex building features durable and energy-efficient ICF construction. The property is comprised of 5 individual units, with 4 already generating income through existing leases. Enjoy unparalleled exposure with approximately 440 feet of valuable frontage along heavily traveled Highway 98. Adding to the appeal, the DOT has confirmed a future traffic light at this location, promising increased traffic flow and accessibility. Situated just 1.5 miles from the Gulf of America, this property is located in a dynamic and rapidly expanding area. This is a unique chance to acquire a modern, income-producing asset with significant growth potential.

Class

Income Producing: Yes
Retail: Yes
Other: Yes

Construction Status

Existing: Yes

Property Features

Class: Income Producing; Retail; Other Construction Status: Existing

Listing Office: EXP Realty LLC

Last Updated: October - 29 - 2025

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.

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