365 105TH TER NE, St Petersburg, FL 33716
365 105TH TER NE, St Petersburg, FL 33716
365 105TH TER NE, St Petersburg, FL 33716
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$1,500,000
Est. payment /mo
21,246 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 21,246 sqft

Price per Sqft $70

Subdivision Tri-City Indust Park

MLS Listing ID TB8538730

Construction Status Fixer

HOA Y/N No

Year Built 1965

Annual Tax Amount $12,559

Lot Size 0.730 Acres

Acres 0.73

Lot Dimensions 160x200

Property Sub-Type Industrial

Source Stellar MLS

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.

Location

State FL

County Pinellas

Community Tri-City Indust Park

Area 33716 - St Pete

Zoning E-1

Direction NE

Interior

Heating Central, Electric

Cooling Central Air

Flooring Ceramic Tile, Concrete

Exterior

Parking Features Ground Level, Lighted, RV Access/Parking, Shared Parking

Utilities Available Electricity Available, Emergency Power, Phone Available, Public, Sewer Nearby, Telephone Nearby, Water Connected

View Y/N Yes

Water Access No

Roof Type Metal

Exposure South

Building

Lot Description Flood Insurance Required, Industrial Park, Street Lights, Paved

Foundation Pillar/Post/Pier, Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Construction Status Fixer

Others

Ownership Fee Simple

Special Listing Condition None

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Stellar MLS
Listed by Michael Schultz INSTA REAL ESTATE SOLUTIONS

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Milton Knight

Milton Knight

+1(786) 917-3337

Principal Real Estate Broker License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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