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506 4TH Avenue W
PALMETTO FL 34221 US

$1,000,000

Active Listing ID A4703877
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3,171 square feet
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Lot: 0.60 Acres
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Office

$1,000,000

Active Listing ID A4703877
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506 4TH Avenue W 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.

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Property Features

  • Facts
  • Lot Size: 0.60 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Office
  • Features
  • Cooling System: Central Air
  • Roof Type: Shingle

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 1000000
  • unparsedaddress: 506 4TH Avenue W
  • postalcity: PALMETTO
  • stateorprovince: FL
  • country: US
  • postalcode: 34221
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.6
  • lotsizeunits: Acres
  • lotsizearea: 0.6
  • livingarea: 3171
  • livingareaunits: Square Feet
  • latitude: 27.516205
  • longitude: -82.566586
  • listagentfullname: Lily Behrends
  • listagentemail: buywithlily@gmail.com
  • listagentkey: 3yd-MFRMLSFL-281516641
  • listagentmlsid: 281516641
  • listagentpreferredphone: 9415269121
  • listagentofficephone: 9415269121
  • listofficekey: 3yd-MFRMLSFL-266509060
  • listofficemlsid: 266509060
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 1978
  • listingcontractdate: 2026-08-22
  • listagentfax: 9413607678
  • listagenturl: https://www.buywithlily.com
  • countyorparish: Manatee
  • parcelnumber: 2798810159
  • cooling: Central Air
  • constructionmaterials: Block, Concrete, Stucco
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • windowfeatures: Window Treatments
  • utilities: Electricity Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.56659, 27.516205
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Alliance Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"buywithlily@gmail.com", "ListBrokerageCity":"Sarasota", "ListBrokerageCountry":"US", "ListBrokerageEmail":"pcrowley@alliancegroupfl.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/95206ae15d2f11df8cf600219b9aa4d8k-c1268942032r.png", "ListBrokerageName":"RE/MAX Alliance Group", "ListBrokeragePhone":"(941) 954-5454", "ListBrokeragePostalCode":"34239", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2000 Webber Street", "ListBrokerageWebsiteUrl":"http://alliancegroupfl.com", "ListOfficeAddress1":"8037 Cooper Creek Blvd No. 101", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"266509060", "ListOfficeCity":"Sarasota", "ListOfficeCountry":"US", "ListOfficeEmail":"mail@alliancegroupfl.com", "ListOfficePostalCode":"34201", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, PALMETTO, FL", "ListingURL":"https://listings.listhub.net/pages/MFRMLSFL/A4703877/?channel=rexren", "MLSModificationTimestamp":"2026-08-26 20:11:10", "Neighborhoods":[{"Description":null, "Name":"EAST PALMETTO"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8760, "TaxDescription":"THE S 115 FT OF LOTS 1-4 & THE S 115 FT OF THE E 45 FT OF LOT 5, BLK Q, E PALMETTO SUB. PI #2798.1015/9", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/26/2026 8:36:31 PM GMT
Source Updated Date: 9/5/2026 6:54:38 PM GMT

Courtesy of: Lily Behrends, RE/MAX ALLIANCE GROUP, buywithlily@gmail.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.