Property Search/PALMETTO/EAST PALMETTO

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ActiveNew · 2 days

$1,000,000

506 4TH AVE WPALMETTO, FL 34221EAST PALMETTO · Medical Office

3,171Sq ft

0.6 acLot

1978Built

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…

Description as provided by the listing brokerage.

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The details

StatusActive

MLS #MFRA4703877

Property typeMedical Office

Year built1978

Lot size0.6 ac

Living area3,171 sq ft

Price per sq ft$315

Taxes$8,760 (2025)

Days on market2

CountyManatee

Flood zoneAE (verify)

ListedAug 21, 2026

Features & property details

Interior

WindowsWindow Treatments

CoolingCentral Air

Exterior & lot

Road surfaceAsphalt

Construction

ConstructionBlock, Concrete, Stucco

FoundationCrawlspace

RoofShingle

Living area sourcePublic Records

Building area (sq ft)3,213

Pool & water

Waterfront feet0

Community & HOA

Total monthly fees$0

Total annual fees$0

Utilities & efficiency

UtilitiesElectricity Available

Financial & terms

Tax year2,025

OwnershipFee Simple

Special conditionsNone

ZoningCG

OccupantTenant

MLS area34221 - Palmetto/Rubonia

Where it sits

Open in Maps

Approximate location shown. Exact address available on request per listing brokerage.

Where you'd be

EAST PALMETTO, Florida

PALMETTO · Manatee County

Homes in PALMETTO

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Listing courtesy of LESLIE WELLS REALTY, INC. · MLS# MFRA4698748

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Listing courtesy of REGAL TOUCH REALTY INC · MLS# MFRA4702134

Stellar MLSMLS# MFRA4703877Listing courtesy of RE/MAX ALLIANCE GROUPLast updated Aug 26, 2026, 4:11 PM

$1,000,000506 4TH AVE W · PALMETTO

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