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506 4TH AVENUE W Palmetto, FL $ 1,000,000
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$ 1,000,000 Get more info
506 4TH AVENUE W
$ 1,000,000
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506 4TH AVENUE W

Palmetto, FL, 34221
$ 1,000,000
Bedrooms-- Baths-- Sq 3,171

Monthly Estimate*

$ 6,314

506 4TH AVENUE W, Palmetto, FL 34221 - Image 1
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Commercial Property for sale in Palmetto, FL

for $1,000,000. This 3,171 square foot building was built in 1978 on a lot size of 0.6.

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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Commercial Active

Price

$ 1,000,000

Property Type

Commercial

Taxes

$ 8,760

Style

Medical Office

Lot Size

0.6

Year Built

1978

Town/City

Palmetto

County/Region

Manatee

MLS | Web ID

A4703877
Features
General
Cooling Central Air
Utilities Electricity Available
Roof Shingle
Zoning CG
Construction Materials Block Concrete Stucco
Year Built 1978
Property Subtype Medical Office
Tax Year 2025
Ownership Fee Simple
County Manatee
New Construction false
Property Type Commercial Sale
Subdivision Name EAST PALMETTO
Status Active
Directions Take Manatee Ave - SR 64 to US41 North. Go North on US-41 N (Turns into 14th St W in Bradenton). Cross over Manatee River on the Green Bridge / US-41 N into Palmetto. Continue on US-41 N / 8th Ave W as you enter Palmetto. Turn left onto 10th St W (or 5th St W depending on precise block routing). Take to 4th Ave W to 506 4th Ave W (located near Lincoln Memorial Middle School).
City PALMETTO
MLS Area 34221 - Palmetto/Rubonia
Lot Size Units Square Feet
Lot Size Square Feet 26127
Tax Annual Amount 8760
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 5
Legal Description 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
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Air Conditioning Y/N true
Window Features Window Treatments
Total Baths 0
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Exterior
Lot Size Area 26127
Foundation Details Crawlspace
Number of Buildings 1
Building Area Total 3213
Lot Size Acres 0.6
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type City Street
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* Excluded Features
List By
Re/Max Alliance Group

Broker

buywithlily@gmail.com

Email

Affordability Calculator

$7,044
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$730
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/24/2026$1,000,000 Listed Price

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506 4TH AVENUE W, Palmetto, FL, 34221 is a Commercial Property for sale at $1,000,000 with 3,171 sqft and a lot size of 0.6. 506 4TH AVENUE W was built in 1978. The property's zip code is 34221 which is in Palmetto, FL

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