ST PETERSBURG, FL 33716

Property

Ownership: Fee Simple
Type: Unknown
Lot Size: 0.7 Acres

Financials

Price:$1,500,000
Annual Taxes:$12,559
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of INSTA REAL ESTATE SOLUTIONS

70. 60 SF RARE SPECIALTY FLEX WAREHOUSE INDUSTRIAL OFFICE BROADCAST FACILITY 21, 246 SF ON 0.

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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.

Amenities

  • Bathrooms
  • Clear Span
  • Closed Circuit Camera(S)
  • Dumpsters
  • Electricity Available
  • Elevator
  • Emergency Power
  • Fencing
  • Fire Alarm
  • Flood Insurance Required
  • Freight Elevator(S)
  • Industrial Park
  • Key Card Entry
  • Kitchen Facility
  • Loft
  • On Site Shower
  • Overhead Door(s)
  • Paved
  • Phone Available
  • Public
  • Reception
  • Security Gate
  • Sewer Nearby
  • Smoke Detectors
  • Street Lights
  • Telephone Nearby
  • Trash Removal
  • Truck Doors
  • Water Connected

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.