365 105th Terrace NESt Petersburg, FL 33716Price: $1,500,000

  • Price: $1,500,000
  • 9 Days on Market
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Federal 30-year interest rate: 6.66% last updated on Aug 27, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,500,000List Price
  • 22,022Square Feet
$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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Federal 30-year interest rate: 6.66% last updated on Aug 27, 2026. * The above figures are estimates provided by Union Street Media using the FRED® API, and are not endorsed or certified by the Federal Reserve Bank of St. Louis. Check with your lender for actual interest rates.
Listed by Michael Schultz of INSTA REAL ESTATE SOLUTIONS (813-586-0654)

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 2, 2026 7:35 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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