365 105th Ter NE 21,246 SF Specialty Building Offered at $1,500,000 in Saint Petersburg, FL 33716

FORMER WTOG-TV / TAMPA BAY 44 BROADCAST CAMPUS — 21,246 SF SPECIALTY FLEX WITH ON-SITE COMMUNICATIONS TOWER AT $70.60/SF
Rare opportunity to acquire a purpose-built media and communications facility in St. Petersburg's Gateway corridor at a fraction of replacement cost. 365 105th Terrace NE is a 21,246 SF two-story specialty flex / office / broadcast building on 0.73 acres, zoned E-1 (Employment 1) in unincorporated Pinellas County. Built as the longtime home of WTOG-TV / Tampa Bay 44, the property retains studio space, control rooms, editing and support suites, hardened electrical infrastructure, and an on-site lattice communications tower.
Investment Highlights
$70.60/SF basis — well below St. Petersburg industrial for-sale listing averages near $232/SF and office sale averages near $142/SF.
Infrastructure you cannot rebuild at this price — Caterpillar diesel standby generator with on-site fuel storage, dual UPS / battery backup systems, two chillers with Trane air handling, freight elevator, and broadcast-grade power and cabling pathways.
On-site communications tower — legacy broadcast structure offering potential third-party antenna, microwave, or telecom leasing income (buyer to verify FCC registrations and structural capacity).
E-1 Employment zoning — supports employment, light manufacturing, flex, studio, and specialty communications uses without an office-only strategy.
Value-add pro forma — repositioned to multi-tenant flex/creative at a $17–$19/SF NNN blended target, base-case stabilized NOI of $180,203 supports a 12.01% going-in yield on the $1.5M price and roughly $2.57M of value at a 7.0% exit cap.
Two acquisition theses — owner-user media/production/creative buyer, or investor repositioning to multi-tenant flex, studio, warehouse, manufacturing and office.
Location
The Gateway / Mid-Pinellas submarket is one of Tampa Bay's leading employment and logistics corridors, home to Raymond James, Jabil, and Franklin Templeton. The site sits less than a half mile from I-275 and Gandy Boulevard, roughly 12 minutes from Tampa International Airport, 15 minutes from downtown St. Petersburg and St. Pete–Clearwater International Airport, and about 20 minutes from downtown Tampa. Surrounding uses include industrial, office, multifamily, and neighborhood retail.
Ideal Users
Production companies, regional broadcasters, podcast and streaming networks, digital content and esports studios, training and education media groups, worship and event production organizations, telecom and communications operators, disaster-recovery and network operations users, and flex owner-users seeking hardened power and a differentiated identity.
There are 40 additional parking spots across the street that can be leased during business hours.