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.
$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 Details
Price:
$1,000,000
MLS #:
A4703877
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Medical Office
Subdivision:
EAST PALMETTO
Neighborhood:
34221palmettorubonia
Listed Date:
Aug 24, 2026
Finished Sq Ft:
3,171
Total Sq Ft:
3,213
Lot Size:
26,127 sqft / 0.60 acres (approx)
Year Built:
1978
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Block, Concrete, Stucco
Roof
Shingle
Window Features
Window Treatments
Financial
Tax Year
2025
Taxes
$8,760
Map
Community
- Address506 4TH AVENUE W PALMETTO FL
- SubdivisionEAST PALMETTO
- CityPALMETTO
- CountyManatee
- Zip Code34221
Subdivisions in PALMETTO
- A R ANTHONYS SUB OF PT SEC14&23 T34 R17
- ACREAG0001
- ACREAGE
- ACREAGE & UNREC
- ADWORTH RESUBDIVIDED
- ALLENS SUB OF LT ATZROTHS AD TO PALMET
- AMBER GLEN
- ANDRESS
- ARBOR CREEK
- ARDMORE
- ARTISAN LAKES EAVE’S BEND PH 1
- ARTISAN LAKES EAVES BEND
- ARTISAN LAKES EAVES BEND PH I SP A-K
- ARTISAN LAKES EAVES BEND PH II SUBPH A,
- ARTISAN LAKES EDGESTONE NORTH PH I & II
- ARTISAN LAKES ESPLANADE
- ARTISAN LAKES ESPLANADE PH I SP A-D
- ARTISAN LAKES ESPLANADE PH II
- ARTISAN LAKES ESPLANADE PH IV SUBPH A, B,
- ARTISAN LAKES ESPLANADE PH IV SUBPH A,B,
- ARTISAN LAKES ESPLANADE PH V SUBPH A1 A2
- ARTISAN LAKES ESPLANADE PH V SUBPH B & C
- ARTISAN LAKES ESPLANADE PH V SUBPH D & E
- ARTISAN LAKES PRCL J PH 2A, 2B & 2C
- ARTISAN LAKES PRCL J PH I & II
- BAHIA VISTA
- BAY CLUB PH I
- BAY CLUB PH II
- BAY ESTATES NORTH
- BAY VIEW PARK
- BAY VIEW PARK -REVISED PLAT-
- BAY VIEW PARK REV
- BAYOU ESTATES NORTH II-C
- BAYOU ESTATES NORTH IIA & IIB
- BAYOU ESTATES SOUTH
- BEL MARE PH 2 CONDO
- BEL MARE PH I
- BEL MARE PH II
- CAPTAINS COURT
- COASTERRA
- COVE AT COASTERRA
- CRYSTAL LAKES
- CRYSTAL LAKES II
- CYPRESS POND ESTATES
- CYPRESS POND ESTS
- DEER RUN AT PALM VIEW
- EAST PALMETTO
- EAST PALMETTO PLAT
- EAST POINT OGDEN
- EAST TERRA CEIA
- EAVE’S BEND AT ARTISAN LAKES
- EAVES BEND AT ARTISAN LAKES
- ESPLANADE AT ARTISAN LAKES
- ESPLANADE AT COASTERRA
- ESPLANADE NORTH AT ARTISAN LAKES SUBPH I
- ESTHERS COURT
- FAIRWAY OAKS PH 1
- FAIRWAY OAKS PH I, II & III
- FAIRWAY PALMS
- FAIRWAY TRACE
- FAIRWAYS AT IMPERIAL LAKEWDS1A-1PB35/180
- FAIRWAYS AT IMPERIAL LAKEWOODS 1A1
- FAIRWAYS AT IMPERIAL LAKEWOODS 1A2, 1B&2
- FAIRWAYS AT IMPERIAL LAKEWOODS 1A2, 1B&2B
- FAIRWAYS AT IMPERIAL LAKEWOODS 1A2,1B&2B
- FAIRWAYS AT IMPERIAL LAKEWOODS 2A, 3B&3C
- FAIRWAYS AT IMPERIAL LAKEWOODS 2A,3B&3C
- FLAGSTONE ACRES
- FOSTERS CREEK UN 1
- FOSTERS CREEK UNIT III
- FRESH MEADOWS PH I
- G F I
- GILLETTE GROVE
- GILLETTE GROVE SUB
- GRANDE VILLA ESTATES
- GROVE POINT
- GULF & BAY ESTATES
- GULF & BAY ESTATES BLK 3
- GULF & BAY ESTATES BLOCKS 1A, 1 & 2
- GULF & BAY ESTATES BLOCKS 4-7
- GULF & BAY ESTATES UNIT 4 CORR
- H W HARRISON
- HAMMOCKS AT RIVIERA DUNES
- HEATHER GLEN PH I
- HERITAGE BAY
- HERON CREEK PH I
- IMPERIAL LAKES
- IMPERIAL LAKES ESTATES
- IMPERIAL LAKES ESTATES UNIT II
- IMPERIAL LAKES ESTATES UNIT III
- IMPERIAL LAKES RESIDENTIAL
- INDIAN MEADOW
- ISLAND AT RIVIERA DUNES
- J H BRUNJES
- J T FLEMINGS
- J T FLEMINGS PALMETTO SUB
- JACKSON CROSSINGS PH I
- JACKSON PARK UNIT ONE
- JACKSON XING PH II
- JET MHP CO-OP UR0/0
- JET MOBILE HOME PARK SEC ONE CO-OP
- LAGUNA AT RIVIERA DUNES I
- LAGUNA AT RIVIERA DUNES II
- LAGUNA AT RIVIERA DUNES II OR2087/6469
- LAGUNA AT RIVIERA DUNES III
- LAGUNA AT RIVIERA DUNES IV
- LAKE PARK
- LAMBS FRACTIONAL SUB
- LAMP POST PLACE PH II
- LEISURE LAKE MOBILE HOME PARK CO-OP
- LONG SUB
- LOT 1,HARMONY OAKS SUB PI7747.2055/9
- LOYD ADD TO PALMETTO
- MANATI SHORES SECOND ADDITION
- MANDARIN GROVE
- MANGROVE POINT
- MAPLE RIDGE
- MAR-LEE ACRES
- MELWOOD OAKS PH I
- MELWOOD OAKS PH IIB
- MERCELL PARK SECOND UNIT
- MOSS OAKS
- MUELLERS
- NEIGHBORHOOD
- NO-SEE-UM ACRES
- NORTH MANATEE INDUST PARK
- NORTH OAKS ESTATES
- NORTH ORANGE ESTATES
- NORTHSHORE AT RIVIERA DUNES PH 1-A
- NORTHSHORE AT RIVIERA DUNES PH 1-B
- NORTHSHORE AT RIVIERA DUNES PH1B
- NORTHWOOD PARK
- NOT IN SUBDIVISION
- OAK TRAIL
- OAK VIEW
- OAK VIEW PH I
- OAK VIEW PH III
- OAKDALE SQUARE
- OAKFIELD LAKES
- OAKHURST PARK
- OLD MILL PRESERVE
- OLD MILL PRESERVE PH II
- ONAHOM FARMS
- PALM LAKE ESTATES
- PALM VIEW PK
- PALMETTO COUNTRY CLUB ESTATES FIRST UNIT
- PALMETTO GARDENS REV
- PALMETTO HEIGHTS
- PALMETTO POINT
- PALMETTO POINT ADD
- PALMETTO SKYWAY REP
- PALMETTO SKYWAY SEC 1
- PALMETTO TERRACE
- PALMS AT COASTERRA
- PARKSIDE
- PART/LAKE ROWLETT
- PATTEN SUB
- PENINSULA AT RIVIERA DUNES
- PEPPER GROVE PH I
- PINEY POINT
- PINEY POINT HOMEOWNERS CO-OP
- PRAVELA
- R F WILLIS OF MEMPHIS
- REGATTA POINTE CONDO PH I
- REGATTA POINTE PH I
- REGENCY OAKS PH I
- RICHARDS ADD TO PALMETTO
- RICHARDS ADD TO PALMETTO CONTINUED
- RIO VISTA A M LAMBS RESUBDIVIDED
- RIVERBAY TWNHMS PH THREE
- RIVERBAY TWNHMS PH TWO
- RIVERSIDE PARK
- RIVERSIDE PARK REP OF A POR
- RIVIERA DUNES MARINA
- RIVIERA DUNES MARINA PH 2
- RIVIERA DUNES MARINA PH 3
- RIVIERE ADD TO PALMETTO
- ROY FAMILY RANCHES
- SANCTUARY COVE
- SANCTUARY COVE SUB
- SHADOW BROOK MOBILE HOME
- SHADOW BROOK MOBILE HOME SUB
- SHADOW BROOK MOBILE HOME UNIT 3A
- SHEFFIELD GLENN
- SHELL BEACH ADDITION
- SILVERSTONE
- SILVERSTONE NORTH
- SILVERSTONE NORTH PH IA & IB
- SILVERSTONE NORTH PH IC & ID
- SILVERSTONE NORTH PH IIA & IIB
- SILVERSTONE NORTH PH IIC & IID
- SKYWAY VILLAGE ESTATES CO-OP
- SPANISH POINT
- STONEGATE PRESERVE IA
- STONEGATE PRESERVE PH III
- STONEGATE PRESERVE TOWNHOMES
- SUB LOT3&4 B2 PARRISH AD TO TOWNSHIP PALMETTO
- SUGAR MILL LAKES
- SUGAR MILL LAKES PH 1
- SUGAR MILL LAKES PH II & III
- SUMMERFIELD ESTATES
- T A HOWZE
- TAYLORS RESUBDIVIDED
- TERRA CEIA BAY ESTATES
- TERRA CEIA BAY NORTH
- TERRA CEIA MANOR CO-OP
- THE COVE AT TERRA CEIA BAY VILLAS
- THE ESTUARIES I
- THE ESTUARIES II
- THE ESTUARIES II, A CONDO
- THE GREENS AT EDGEWATER
- THE PALMS AT RIVIERA DUNES PH I
- THE TERRA CEIA CLUB
- THOMPSON & GAFNER RESUB
- TREE LAKES TRAVEL TRAILER CO-OP
- TREVESTA
- TREVESTA PH I-A
- TREVESTA PH IA
- TREVESTA PH IB-1
- TREVESTA PH II-A
- TREVESTA PH IIB
- TREVESTA PH IIIA
- TREVESTA PH IIIB
- TREVESTA PH IIIC & IIID
- TREVESTA PH IIIE
- TROPIC ISLES CO-OP
- TROPIC ISLES MOBILE HOME ESTATES
- VILLAGES OF THOUSAND OAKS VILLAGE II
- VILLAGES OF THOUSAND OAKS VILLAGE III
- VILLAS AT OAK BEND
- WASHINGTON PARK
- WASHINGTON PARK UNITS 1,2,3&4
- WATERFORD
- WATERFORD PH I & III REP
- WATERFORD PH I-A, II & II-A
- WELSH MEMPHIS
- WHITNEY MEADOWS
- WILLIS ADD TO PALMETTO
- WILLIS ADD TO PALMETTO CONTINUED
- WILLOW HAMMOCK PH 1A & 1B
- WILLOW WALK PH I-B
- WILLOW WALK PH I-C
- WILLOW WALK PH IIA-IIB-IID
- WILLOW WALK PH IIC
- WILLOW WALK PH IIE
- WILLOW WALK PH IIF & IIG
- WOODLAND ACRES
- WOODLAWN LAKES FIRST ADD
- WOODS OF MOCCASIN WALLOW PH I
Market Summary
Current real estate data for Commercial in PALMETTO as of Aug 26, 2026
11
Commercial Listed
75
Avg DOM
582
Avg $ / SqFt
$1,974,454
Avg List Price
Property Summary
- Located in the EAST PALMETTO subdivision, 506 4TH AVENUE W PALMETTO FL is a Commercial for sale in PALMETTO, FL, 34221. It is listed for $1,000,000 To schedule a showing of MLS#a4703877 at 506 4TH AVENUE W in PALMETTO, FL, contact your CENTURY 21 Carioti agent at 2392986550.
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Courtesy of RE/MAX ALLIANCE GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 506 4TH AVENUE W
PALMETTO, FL