SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549


                                   FORM 8-K


CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
                                     1934.
                                        

                DATE OF REPORT                  OCTOBER 8, 1998

                                        
                        SBA COMMUNICATIONS CORPORATION
                        ------------------------------
            (Exact name of registrant as specified in its charter)


           Florida                       333-50219              65-0716501 
- --------------------------------------------------------------------------------
  (State or other jurisdiction of   Commission File Number   (I.R.S. Employer 
   incorporation or organization)                           Identification No.) 


     One Town Center Road, Boca Raton, Florida                 33486 
- --------------------------------------------------------------------------------
      (Address of principal executive offices)               (Zip code)  
      

                                 (561) 995-7670
- --------------------------------------------------------------------------------
             (Registrant's telephone number, including area code)

 
Item 2    Acquisition or Disposition of Assets
 
          On October 8, 1998, SBA Towers Louisiana, Inc., a Louisiana
          Corporation and a wholly owned subsidiary of the registrant,
          consummated a stock purchase of Caddo Tower Company, Inc., a Louisiana
          corporation. The aggregate purchase price was $4.9 million and was
          funded from cash on hand. The transaction was negotiated at arms-
          length. Significant assets of the company acquired on the date of
          closing consisted of nine telecommunications towers, which are
          currently being leased to third party wireless communication
          providers. On the date of closing, Caddo Tower Company, Inc. did not
          have any significant liabilities.

          The registrant intends to integrate these towers into its rental tower
          business by continuing to lease space on these towers to third party
          wireless communication providers. The towers are located in Louisiana.


Item 7.  Financial Statements and Exhibits

               (c)  Exhibits

                         2.1  Stock Purchase Agreement dated October 8, 1998
                              between SBA Towers Louisiana, Inc. and Caddo Tower
                              Company, Inc. and Leroy Faith.

 
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



October 23, 1998                                        /s/  Robert M. Grobstein
                                                        ------------------------
                                                        Robert M Grobstein
                                                        Chief Financial Officer