Salthouse Group of Clearwater, FL bought the dirt and the vacant 26,509-sf building at auction for $1.7 million or $809,524 per acre ($18.54 per sf).
Based on the building's size alone, the price equates to $64.13 per sf, half of its estimated replacement cost, area construction industry estimators tell GlobeSt.com on condition of anonymity.
Salthouse plans to produce The Rock & Rabbi musical at the 425 N. Bumby Ave. property Nov. 9, brokers familiar with the deal tell GlobeSt.com.
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