506 4TH AVE W
Palmetto, Manatee, FL, 34221
Active$1,000,000
$315/sqft
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 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.
Facts & Features
Community Information
Amenities
Interior
Exterior
School Information
Additional Information
Mortgage Calculator
This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. RE/MAX ALLIANCE GROUP is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.
2 days on market
Listed by: Lily Behrends · 941-526-9121—RE/MAX ALLIANCE GROUP · 941-360-7777
Updated from Real Estate Market Data
MLS/IDX data last updated: . All data is obtained from various sources and may not have been verified by the 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
Location
Get in Touch
You may also like
