About 506 4th Avenue W
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.
Features of 506 4th Avenue W
| MLS® # | A4703877 |
|---|---|
| Price | $1,000,000 |
| Square Footage | 3,171 |
| Acres | 0.60 |
| Year Built | 1978 |
| Type | Commercial Sale |
| Sub-Type | Medical Office |
| Status | Active |
Listing Details
| Office | RE/MAX ALLIANCE GROUP |
|---|
Listing Map
Neighborhood Information for 506 4th Avenue W
Growing Population, Moderate Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
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Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Lincoln Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
1 Miles | |
|
Manatee School For The Arts Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
Palmetto Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
|
Just For Girls Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
Palmetto High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Palmetto Charter School Public - Kindergarten to 8Th Grade |
1 Miles | |
|
|
Manatee Virtual Instruction Program Public - Kindergarten to 12Th Grade |
1 Miles |
School data provided by GreatSchools