1717 N T St Pensacola, FL 32505

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.