1717 T St - Freestanding FOR SALE


Pensacola, FL 32505- South Pensacola
$4,800,000 USD
239-860-3368
1717 T St, Pensacola, FL for Sale
$4,800,000 USD
Freestanding - FOR SALE
1/2
null | 9.7% Cap Rate

1717 T St
Pensacola, FL 32505
South Pensacola


OVERVIEW

Dominant flea market in Pensacola near the heart of downtown. Over 400 vendors in approximately 80,000 square feet. Full management in place. Sale includes business and real estate, with over twelve acres of desirable entitlements. Seller is multi-property owner of flea markets and is offering this highly profitable market for sale only so as to concentrate on its larger properties and future larger expansions. Sale also includes a two acre commercial property with 18k square feet of space, possible renovation or redevelopment. Favorable commercial zoning. This very active market has been in operation for more than 30 years and enjoys high occupancy. Flea markets are by nature largely recession resistant as well as internet resistant. Flea markets are best suited for more active business entrepreneurs and not passive coupon clippers. Seasoned local management in place so buyer’s role can be akin to asset management.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

9.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

9.67 AC

LAND SF

421,225 SF

ZONING

C2

APN/PARCEL ID

31-2S-30-3000-001-030

ASK ABOUT THIS PROPERTY

Dougall McCorklePremier Commercial PropertiesMore Info
239-860-3368

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Dougall McCorklePremier Commercial PropertiesMore Info
239-860-3368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.