1
  • Property Type
  • Medical Office, Commercial Sale
  • 3213 Sqft
  • Area Size

506 4TH W AVENUE, Palmetto, FL 34221

  • $1,000,000

Description

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.

  • Address: 506 4TH W AVENUE
  • City: Palmetto
  • State/county: FL
  • Zip/Postal Code: 34221
  • Country: US

Details

Atualizado em agosto 24, 2026 no 5:31 pm
  • Property ID A4703877
  • Price $1,000,000
  • Property Size 3213 m²
  • Land Area 0.6 m²
  • Garage Size x x
  • Year Built 1978
  • Property Type Medical Office, Commercial Sale
  • Property Status Active, For Sale

Additional details

  • Roof Shingle
  • Utilities Electricity Available
  • Cooling Central Air
  • County Manatee
  • Property Type Commercial Sale

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