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506 4TH AVENUE W

Commercial For Sale
$845,000

BTC: 10.49689441

ETH: 318.86792453

-$155K (2026/10/01)
44 days
0 room(s)
3,171 sqft

Overview

506 4th Ave W, Palmetto | Leased Medical Office CAP rate 6.26. $845,000 · 3,171 SF · NOI $59,556 Fully leased, single-tenant medical office occupied by Millennium Medical on a NNN lease with annual rent escalations and two 2-year renewal options — a passive, inflation-hedged income stream with no landlord responsibility for taxes, insurance, or maintenance. The purpose-built medical layout includes seven exam rooms, three private physician offices, a dedicated lab, and a staff kitchen/lounge. Three new HVAC systems were recently installed, eliminating the largest near-term capital expense a buyer would otherwise face. At $315/SF with in-place NNN rent of $18.78/SF, the property offers durable cash flow with built-in growth in Palmetto's expanding Manatee County medical corridor.

Location

Florida • PALMETTO • 34221 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1978
Lot:
0.60 Acres
Heating:
No Data
Price/sqft:
$266
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$8,760
2025
All facts and features

  • Cooling

    • Central Air

  • Lot

    • Lot: 0.60 Acres

    Other Property Information

    • Parcel Number: 2798810159

    • Zoning: CG

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Medical Office

  • Utility

    • Electricity Available

  • Other financial information

    • Annual tax amount: $8,760

  • Source details

    • MLS ID: A4703877

    Other facts

    • Construction Materials: Block / Concrete / Stucco

    • Foundation Details: Crawlspace

    • Window Features: Window Treatments

    • Living Area: 3171

    • Subdivision Name: EAST PALMETTO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34221
561
median $389K
Active
Same city
PALMETTO
663
median $409K
Active
Same type
Commercial
16
median $1.4M
Active
Similar price
$591K – $1.1M
92
median $745K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX ALLIANCE GROUP