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A historic Bradenton building housing Pelot’s Rexall Pharmacy, a cornerstone of the community for 130 years, is now available for sale.
Located at 831 Manatee Ave. E., just east of downtown, the property is currently being marketed by owner Philip Farley.
Previously, it was listed by NDC Commercial Real Estate for $3 million as a redevelopment opportunity.
This three-story mixed-use building features several storefronts and includes an attached parking lot.
Jessica Pelot, granddaughter of one of the pharmacy’s founders, clarified via email that the family does not own the property and emphasized, “we are not closing, only the building is up for sale.”
The pharmacy’s origins trace back to Nov. 6, 1894, when J.C. Pelot, J.J. Pelot, and J.F. Stebbins established the Manatee Drug Co., as noted by the Manatee Village Historical Park.
The name changed to Pelot’s Rexall Pharmacy in 1925, and it relocated to its current site in 1934. Today, the pharmacy is owned by Robert Pelot, who purchased it from his father, John Crews Pelot.
In 2020, Farley acquired the property from the Pelot family for $1.25 million, according to county property records.
The nearly 100-year-old building experienced significant damage during hurricanes Helene and Milton last year.
Key Information
- Property Name: Pelot’s Rexall Pharmacy
- Location: 831 Manatee Ave. E., Bradenton, FL
- Sale Status: Building is up for sale; pharmacy operations to continue
- Current Owner: Philip Farley
- Previous Listing Price: $3 million
- Acquisition Info: Farley bought the property in 2020 for $1.25 million
- Historical Significance: Established in 1894, operating for 130 years
- Recent Damage: Significant damage from hurricanes Helene and Milton
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Article original publish date: 2025-08-16 12:00:00
Article source: businessobserverfl.com
Read the full story at the original source: businessobserverfl.com
