Travis T. Hall
REALTOR®, CNE
SQUARE FEET3,213
MLS#A4703877
STATUSActive
PROPERTY TYPECommercial - Medical
SUBDIVISIONEAST PALMETTO
Property Description
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.
Property Features
Property Type: Commercial - Medical
Cooling: Central Air
Lot Size: 0.60 Acres
Roof Type: Shingle
Taxes: $8,760
Year Built: 1978
Feature Descriptions
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
Exterior: Block, Concrete, Stucco
Flood Zone Code: AE
Foundation: Crawlspace
Home Warranty Y/N: No
Lot Dimensions: 0.6
Number of Offices: 10
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Medical Office
Sale Includes: Furniture/Fixtures
Showing Instructions: Call Before Showing, Contact Call Center
Special Sale Provisions: None
Utilities: Electricity Available
Water Access Y/N: No
Windows: Window Treatments
Zoning: CG
Listed By / Shown By
Listed By
Agency Name: RE/MAX ALLIANCE GROUP
Agency Contact: 941-360-7777
Shown By
Agent Name: Travis T. Hall
Agent Phone: (813) 240-4126
Agency Title: Florida Executive Realty
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506 4th Avenue W | MLS# A4703877
This commercial property located at 506 4th Avenue W, Palmetto, FL 34221 is currently listed for sale with an asking price of $1,000,000. Search Palmetto real estate on thall.floridaexecutiverealty.com today.