Property Description

FORMER TV STATION WITH GREEN & WHITE CYC WALL | STUDIO / FLEX / INDUSTRIAL / OFFICE | $1,400,000Build 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.

Property Features