1717 T St 16,556 SF Retail Building Pensacola, FL 32505 $4,800,000 ($289.93/SF) 9.70% Cap Rate

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.