SQUARE FEET22,022
MLS#TB8538730
STATUSActive
PROPERTY TYPECommercial - Industrial
SUBDIVISIONTRI-CITY INDUST PARK
Property Description
$70.60/SF - RARE SPECIALTY FLEX / WAREHOUSE / INDUSTRIAL / OFFICE - BROADCAST FACILITY - 21,246 SF ON 0.73 ACRES IN GATEWAY ST. PETERSBURG. Former home of WTOG-TV / Tampa Bay 44, this two-story E-1 (Employment 1) zoned building offers what almost nothing else on the market does: existing studio and control-room build-out, broadcast-grade electrical infrastructure, and an on-site communications tower. Improvements include a Caterpillar diesel standby generator with on-site fuel storage, dual UPS battery backup systems, two chillers with Trane air handling, and a freight elevator. Priced at $1,500,000, or $70.60 per square foot, the basis sits well below St. Petersburg industrial for-sale listing averages near $232/SF and office sale averages near $142/SF. Two clear paths for a buyer: occupy it as a media, production, podcast, esports, telecom, worship, or training facility with dramatically reduced time-to-occupancy, or reposition it as multi-tenant flex, office, manufacturing, warehouse, creative, or studio space at a $17-$19/SF NNN blended target. Under that repositioning, base-case stabilized NOI of $180,203 implies a 12.01% going-in cap rate on the purchase price, with base-case value near $2.57M at a 7.0% exit cap. E-1 zoning supports employment and light manufacturing uses, and the on-site tower may offer third-party antenna or telecom leasing upside subject to buyer verification of FCC and FAA matters. Location is a genuine advantage - less than a half mile to I-275 and Gandy Boulevard, roughly 12 minutes to Tampa International Airport, 15 minutes to downtown St. Petersburg and St. Pete-Clearwater International Airport, and 20 minutes to downtown Tampa, within the Gateway / Mid-Pinellas employment corridor anchored by Raymond James, Jabil, and Franklin Templeton. Building is 21,246 SF heated / 22,022 SF gross, built 1965, pre-engineered metal with concrete block and stucco, approximately 20 surface parking spaces. Sold as-is. Offering memorandum, floor plans, equipment inventory, and photo package available to qualified buyers. Information deemed reliable but not guaranteed.
Property Features
Property Type: Commercial - Industrial
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.73 Acres
Roof Type: Metal
Taxes: $12,559
Year Built: 1965
Feature Descriptions
Building: Bathrooms, Clear Span, Dumpsters, Elevator, Fencing, Freight Elevator(s), Kitchen Facility, Loft, On Site Shower, Overhead Doors, Reception, Trash Removal, Truck Doors
Days on Site: 7
Directions: Take Gandy Blvd to Oak St NE and head North. Take a left (west) on 105th Ter NE and it is the 3rd building on the right.
Exterior: Stucco
Flood Zone Code: AE
Flooring: Ceramic Tile, Concrete
Foundation: Pillar/Post/Pier, Slab
Garage Door Height: 20
Home Warranty Y/N: No
Lot: Flood Insurance Required, Industrial Park, Street Lights, Paved
Lot Dimensions: 0.73
Number of: 2
Number of Bays(Dock High): 1
Number of Offices: 20
Number of Restrooms: 7
Other Equipment: Compressor, Fuel Tank(s)
Other Structures: Other
Ownership: Fee Simple
Parking: Ground Level, Lighted, RV Access/Parking, Shared Parking
Parking Notes: Ground Level, Lighted, RV Access/Parking, Shared Park
Property Attached Y/N: No
Property Sub-Type: Industrial
Sale Includes: Building(s) and Land, Furniture/Fixtures
Security: Closed Circuit Camera(s), Fire Alarm, Key Card Entry, Security Gate, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Combination Lock Box
Special Sale Provisions: None
Utilities: Electricity Available, Emergency Power, Phone Available, Public, Sewer Nearby, Telephone Nearby, Water Connected
Water: Public
Water Access Y/N: No
Water View: Pond
Zoning: E-1
Listed By / Shown By
Listed By
Agency Name: INSTA REAL ESTATE SOLUTIONS
Agency Contact: 813-586-0654
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
365 105th Terrace Ne | MLS# TB8538730
This commercial property located at 365 105th Terrace Ne, Saint Petersburg, FL 33716 is currently listed for sale with an asking price of $1,500,000. Search Saint Petersburg real estate on www.realtymark.net today.