365 105th Terrace Ne, St Petersburg, FL 33716

Property Description

FORMER TV STATION WITH GREEN & WHITE CYC WALL | STUDIO / FLEX / INDUSTRIAL / OFFICE | $1,400,000 Build your next creative or technical headquarters at the former WTOG-TV / Tampa Bay 44 facility in St. Petersburg’s Gateway corridor. Offered at $1,400,000—approximately $65.89 per heated SF—this two-story building includes 21,246 heated SF / 22,022 gross SF on approximately 0.73 acres. Available for sale or lease, all or part, the property offers an opportunity to renovate an established broadcast facility for an owner-user or reposition it as multi-tenant creative, technical, and flex space. The existing cyclorama wall features both green-screen and white sides for chroma-key filming and seamless-background photography and video production. Studio space, an overhead lighting grid, former control rooms, editing rooms, and sound-isolating studio walls provide a foundation for film, commercial photography, advertising content, podcasting, voice-over, and post-production. Buyers and tenants should evaluate acoustic performance and suitability for their intended applications. Specialized infrastructure includes broadcast-grade electrical improvements, a Caterpillar diesel standby generator with on-site fuel storage, dual UPS battery-backup systems, two chillers with Trane air handling, a freight elevator, and an on-site communications tower. Equipment condition and operating capacity are subject to inspection. Potential antenna or telecom leasing opportunities require verification of structural capacity and applicable FCC, FAA, and local requirements. Explore a production campus, creative studio hub, technical operations center, or compatible flex, office, warehouse, and light-manufacturing uses, subject to approvals. An illustrative multi-tenant scenario targets blended rents of $17–$19/SF NNN and stabilized NOI of $180,203, representing a 12.87% stabilized yield on the asking price before renovation and acquisition costs. At a hypothetical 7% capitalization rate, that NOI indicates approximately $2.57 million in stabilized value. These projections are not current income or guaranteed returns; buyers must independently verify rents, expenses, renovation costs, and lease-up assumptions. Located near I-275 and Gandy Boulevard, the property offers convenient access throughout Tampa Bay. E-1 Employment zoning applies; buyers and tenants must confirm specific uses, occupancy, parking, permitting, and floodplain compliance with Pinellas County. Approximately 20 on-site surface parking spaces. Vacant, offered as-is, and requiring renovation. Contact Mike Schultz to schedule a tour and request the offering memorandum, floor plans, equipment inventory, and photo package. Information deemed reliable but not guaranteed.