506 4th Ave W, Palmetto | Leased Medical Office
$1,000,000 · 3,171 SF · NOI $59,556Fully 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.
$1,000,000 · 3,171 SF · NOI $59,556Fully 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.
Property Details
Price:
$1,000,000
MLS #:
A4703877
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Medical Office
Subdivision:
EAST PALMETTO
Neighborhood:
34221palmettorubonia
Listed Date:
Aug 24, 2026
Finished Sq Ft:
3,171
Total Sq Ft:
3,213
Lot Size:
26,127 sqft / 0.60 acres (approx)
Year Built:
1978
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Block, Concrete, Stucco
Roof
Shingle
Window Features
Window Treatments
Financial
Tax Year
2025
Taxes
$8,760
Map
Community
- Address506 4TH AVENUE W PALMETTO FL
- SubdivisionEAST PALMETTO
- CityPALMETTO
- CountyManatee
- Zip Code34221
Market Summary
Current real estate data for Commercial in PALMETTO as of Aug 29, 2026
11
Commercial Listed
78
Avg DOM
582
Avg $ / SqFt
$1,974,454
Avg List Price
Property Summary
- Located in the EAST PALMETTO subdivision, 506 4TH AVENUE W PALMETTO FL is a Commercial for sale in PALMETTO, FL, 34221. It is listed for $1,000,000 To schedule a showing of MLS#a4703877 at 506 4TH AVENUE W in PALMETTO, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of RE/MAX ALLIANCE GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 506 4TH AVENUE W
PALMETTO, FL