$1,000,000
About this home
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.
Property details
- MLS #
- MFRA4703877
- Property type
- Medical Office
- Subdivision
- EAST PALMETTO
- Status
- Active
- Days on market
- 2
- On market date
- August 24, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.6 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 589
- Student:teacher ratio
- 14.4:1
- District
- MANATEE
- Enrollment
- 307
- Student:teacher ratio
- 14.6:1
- District
- MANATEE
- Enrollment
- 1,902
- Student:teacher ratio
- 20.2:1
- District
- MANATEE
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.