$845,000
( $262.99Per Sq Foot )
 $4,536 est/mo Sourced by Back At You

506 4th Ave W,PALMETTO, FL 34221

PALMETTO, FL 34221

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Description

506 4th Ave W, Palmetto | Leased Medical Office CAP rate 6.26. $845,000 · 3,171 SF · NOI $59,556 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.

Details

MLS #A4703877
Listing TypeFor Sale
StyleMedical Office
Sub-TypeFor-sale
StatusActive
Year1978
Days On Site62
Listing Provided ByRE/MAX ALLIANCE GROUP | Lily Behrends

Features

SQ Feet3,171
ZoningCG
Acreage0.60

Taxes

Property8760

Area Information

StateFL
CountyManatee
CityPALMETTO
Zip Code34221
Area34221 Palmetto | Rubonia
Community NameEAST PALMETTO
Listing VS Median (in EAST PALMETTO)
Price:
$845,000
low | high
Med:
$423,250
99.91124260355% of Average
sqft:
3,171
low | high
Med:
2,036
85.808893093661% of Average
$ / sqft:
$266
low | high
Med:
$134
99.687278106509% of Average
On site:
62
low | high
Med:
35.5
100% of Average
Sourced by Back At You

Market Activity 34221

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 25, 2026 at 10:25:00 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyManatee
CityPALMETTO
Zip Code34221
Area34221 Palmetto | Rubonia
Community NameEAST PALMETTO
Listing VS Median (in EAST PALMETTO)
Price:
$845,000
low | high
Med:
$423,250
99.91124260355% of Average
sqft:
3,171
low | high
Med:
2,036
85.808893093661% of Average
$ / sqft:
$266
low | high
Med:
$134
99.687278106509% of Average
On site:
62
low | high
Med:
35.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $633K - $1.056M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
140 RIVIERA DUNES WAY #402 Property Photo 1
$699,900
140 Riviera Dunes Way #402
Palmetto, FL 34221
Listing Updated: October 2, 2026 at 1:44:27 AM PDT
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