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  • For Sale
  • Active
  • Commercial
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Fully 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.

Full Property Details for 506 4th Ave W

General

  • Price: $1,000,000
  • Taxes: $8,760 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4703877
  • Updated: Today (8/24/2026)
  • Added to Site: Today

Location

  • Area: 34221 - Palmetto/Rubonia
  • County: Manatee
  • Development Name: 34221 - Palmetto/Rubonia
  • Subdivision: EAST PALMETTO
  • Driving 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).

Community

  • Community Name: 34221 - Palmetto/Rubonia

Heating & Cooling

  • Cooling Type: Central Air

Utilities

  • Utility Description: Electricity Available

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Concrete, Stucco
  • Roof: Shingle
  • Windows: Window Treatments
  • Square Feet: 3,213
  • Sq. Ft. Source: Public Records
  • Year Built: 1978

Lot Features

  • Lot Size (Acres): 0.6
  • Lot Size (Sq. Ft.): 26,127
  • Lot Size: 26127
  • Frontage: City Street
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $8,760
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • 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
  • Flood Zone Info: AE
  • APN: 2798810159
  • Property ID: 2798810159
  • Block/Lot/Section: Q

Listed by Re/Max Alliance Group

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Listing agent

— 506 4th Ave W —

  • Re/Max Alliance Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 4th Ave W

School District:Manatee County School District
NameGradesDistance
James Tillman Elementary Magnet School
1415 29th Street East, Palmetto, FL 34221
PK-51.9 mi
Palm View Elementary School
6025 Bayshore Road, Palmetto, FL 34221
PK-53.6 mi
Palmetto High School
1200 17th Street West, Palmetto, FL 34221
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 4th Ave W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/24/2026
Listed
$1,000,000
-56.52%
MLS
4/03/2018
Sold
$2,300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 4th Ave W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,760
2%
$402,217
—
2024
$8,578
—
$403,124
-3%
2024
$8,578
9%
$414,152
13%
2023
$7,871
10%
$366,697
13%
2021
$7,182
-7%
$324,607
-11%
2022
$7,729
8%
$364,800
2%
2021
$7,182
6%
$357,610
30%
2019
$6,795
6%
$275,792
-7%
2017
$6,440
-1%
$297,133
—
2016
$6,489
-2%
$295,811
-1%
2015
$6,617
—
$298,286
-1%
2014
$6,593
7%
$300,000
8%
2013
$6,178
—
$276,934
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Re/Max Alliance Group

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506 4th Avenue W, Palmetto, FL 34221 (MLS# A4703877) is a Commercial property. 506 4th Avenue W is currently listed for $1,000,000 and was received on August 24, 2026. Want to learn more about 506 4th Avenue W? Do you have questions about finding other Commercial real estate for sale in Palmetto? You can browse all Palmetto real estate or contact a Coldwell Banker agent to request more information.

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