A landmark in this music-loving community, the iconic Pegasus Records building is one of the first buildings you approach as you enter historic downtown Florence along East Tennessee Street. A local institution for more than 35 years, Pegasus provided a venue for Shoals-area musicians to not only sell their music, but also to perform. Now that the business has closed and the building has been sold, the new owners are eager to see a breath of new life breathed into this space. The building contains approximately 14,000 SF and the first and second floor spaces can be leased separately or combined. The quoted lease rates are based on the present condition of the building, however the owners are willing to negotiate a lease based on remodeling the space to accommodate a new, credit-worthy tenant.
