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    1717 T St West Pensacola, FL 32505

    For Sale
    $4,800,000

    High-Yield Retail Center, 446 Units

    Property size:
    80,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a thriving 80,000 square foot flea market in West Pensacola, Florida. Located on a 12.74-acre lot at 1717 N T St, 32505, this established business boasts 446 vendor units, currently operating at 100% occupancy. The property features a gross lease structure and includes a separate two-acre commercial parcel with an 18,000 square foot building, offering potential for redevelopment or renovation. The asking price is $4,800,000, representing a compelling $60 per square foot and a 9.11% cap rate, with a current NOI of $437,400. The property benefits from heavy commercial/light industrial zoning and is situated near downtown Pensacola. The sale includes both the real estate and the established business, complete with experienced local management, minimizing the buyer's operational involvement. This highly profitable flea market has a strong history of success, demonstrating resilience to economic downturns and online competition. The primary income stream is derived from vendor booth rentals, housed within fixed-roof structures recently updated with new roofs. This is a cash-flow positive business ideal for active business entrepreneurs seeking a proven, recession-resistant investment.

    Property Features for 1717 T St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    80,000 SF
    Lot Size
    554,954 SF

    Building Details

    Units
    446

    HighLights

    • Strong cash flow from vendor booth rentals.
    • Vendor booths are located within newly roofed shed structures.
    • Business is weather‑dependent, but historically successful.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TC'S DINER Restaurant T&W Flea Market Flea Market Sisi's Body Jewelry ... Jewelry Store Leather 4 U Leather Goods Store Izzy's Happy Trails Cannabis Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Pensacola
    County
    Escambia
    State
    Florida
    Longitude
    -87.246295599359
    Latitude
    30.430367741365

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    • $239,000
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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Retail Center, 446 Units
    Where is this lifestyle center located?
    The property is located at 1717 T St West Pensacola, FL.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: Strong cash flow from vendor booth rentals.; Vendor booths are located within newly roofed shed structures.; Business is weather-dependent, but historically successful.
    Request Owner's contact information
    1717 T St West Pensacola, FL 32505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1717 T St West Pensacola, FL 32505
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