365 105th Terrace Ne, St Petersburg, FL 33716
- $1,500,000
- 21,246
- SqFt
- List Price
- $1,500,000
- Status
- Active
- Days on Market
- 0
- MLS#
- TB8538730
- Property Style
- Industrial
- Year Built
- 1965
- Living Area
- 21,246
- Lot Size
- 32,000
- Acres
- 0.73
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Tri-City Indust Park
- MLS Area Major
- St Pete
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.
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Additional Information
- Taxes Annual
- $12559
- Location
- Flood Insurance Required, Industrial Park, Street Lights, Paved
- Community Features
- No Deed Restriction
- Zoning
- E-1
- Floor
- Ceramic Tile, Concrete
- Utilities
- Electricity Available, Emergency Power, Phone Available, Public, Sewer Nearby, Telephone Nearby, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Stucco
- Roof
- Metal
- Foundation
- Pillar/Post/Pier, Slab
- Pool
- No Pool
- Garage Features
- Ground Level, Lighted, RV Access/Parking, Shared Parking
- Water View
- Pond
- Flood Zone Code
- AE
- Parcel ID
- 18-30-17-92052-000-0040
- Legal Description
- TRI-CITY INDUSTRIAL PARK LOTS 4 & 5
Listing courtesy of INSTA REAL ESTATE SOLUTIONS. 813-586-0654
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