Pegasus Building

Retail-Commercial for Lease
Catylist Listing ID: 30171344
Property Subtypes: Free-Standing Building
Contiguous Space: 7,000 SF
Total Available: 14,000 SF
Building Size (RSF): 14,000 SF
Lease Rate: $3 - 6 PSF (Annual)
Base Monthly Rent: $1,750 - 3,500
Lease Types: NNN
Usable Size (USF): 14,000 SF
Last Updated: 10/10/2017

Overview / Comments

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.

Expand All 2 Spaces Available

Suite: First Floor 7,000 SF $6 PSF (Annual) NNN
Suite: Second Floor 7,000 SF $3 PSF (Annual) NNN

Additional Details

Nearest MSA: Florence-Muscle Shoals
County: Lauderdale

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,515 35,436 67,988
Median Age: 30.45 37.15 39.85
Households: 2,818 15,705 29,792

Contact

Photograph of Listing Agent

Justin Bishop, CCIM

Pounders and Associates, Inc.
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