This 1994 Mustang Cobra Convertible is number 376 of just 1,000 similar examples built, and it commemorates the Mustang’s role as the official pace car of the Indianapolis 500, as well as the 30th Anniversary of the original “pony car” Mustang. In 1994, the Mustang earned the coveted Motor Trend “Car of the Year” award as well.

For 1994 the Ford Mustang underwent a redesign meant to address the shortcomings that had been found over time in the previous car’s vaunted Fox platform. The superior revamp caught the attention of the Indy 500 selection committee and the ‘94 Mustang made the cut to become the pace car. Furthermore, out of the one thousand Mustang pace cars assembled for 1994 this one surely stands out being that it is sparingly driven with less than 700 actual miles and has accompanying documentation.

This great example is well-equipped starting with its Cobra-spec 5.0-liter V-8 engine with 240-hp that is matched to a five-speed manual transmission. It features many standard extras that included five-spoke alloy wheels, driver and passenger side airbags, four-way power driver’s seat, Power Equipment Group that included dual remote mirrors, windows, door locks and deck release, air conditioning, cruise control and tilt steering wheel. The convertible also has a power-operated soft-top, power rack-and-pinion steering and power four-wheel disc brakes.

The limited edition pace car package combined with the outstanding equipment of a Cobra SVT convertible wrapped in such tidy presentation presents a unique opportunity.