506 4TH AVE W, PALMETTO, FL, 34221
$1,000,000
Commercial Sale
Living Area
3,213 Sqft
Lot Size
26,127 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRA4703877 Year Built: 1978
Construction Materials: Block, Concrete, Stucco Cooling: Central Air
Country: US County Or Parish: Manatee
Foundation Details: Block Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant Property Sub Type: Medical Office
Property Type: Commercial Sale Road Frontage Type: City Street
Road Surface Type: Asphalt Roof: Shingle
Showing Requirements: Call Before Showing, Contact Call Center Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: Electricity Available Window Features: Window Treatments
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