Address
8946 77th Terrace E, LAKEWOOD RANCH, FL
Price
$ 6,440,000
Property Attributes
- MLS#A4688412
- TypeCommercial
- Listing Status Active
- CountyManatee
- CityLAKEWOOD RANCH
- AreaBradenton/Lakewood Ranch/Lakewood Rch
- NeighborhoodPROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10
- Zip34202
- StyleOffice
- Year Built2009
- Taxes$ 23562
- Price$ 6,440,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8046
- Lot Size0.18 Acres
Data Source:
Stellar MLS
Property Description
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $38,918.45, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 7.25% cap rate, generating $467,021.45 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
| Price History | |
|---|---|
| 4/1/2026 | Listed $7,545,000 |
| 5/21/2026 | 8$6,975,000 |
| 8/20/2026 | 8$6,440,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | PD-MU |
| Construction Materials | Stucco |
| Year Built | 2009 |
| Property Subtype | Office |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| County | Manatee |
| New Construction | false |
| Property Type | Commercial Sale |
| Subdivision Name | PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10 |
| Status | Active |
| Directions | From Interstate 75 and University Parkway, head East on University Parkway. Turn left at Town Center Parkway, turn left on 77th Terrace East. Turn left into the parking lot. This building is located at the back of the parking lot. |
| City | LAKEWOOD RANCH |
| MLS Area | 34202 - Bradenton/Lakewood Ranch/Lakewood Rch |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8046 |
| Tax Annual Amount | 23562 |
| Property Condition | Completed |
| Additional Parcels Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/A4688412 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Legal Description | UNITS 10-A-1, 10-B-1, 10-C-1, 10-D-1, 10-E-1, 10-F-1, 10-G-1, 10-H-1, 10-I-1, 10-J-1, 10-K-1, 10-L-1, 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI# |
| Water Access Y/N | false |
| Water View Y/N | false |
| Flood Zone Code | X |
| Flood Zone Code X | Yes |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| LivingAreaSource | Public Records |
Exterior Features
| Lot Size Area | 8046 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 8046 |
| Lot Size Acres | 0.18 |
| Road Surface Type | Asphalt |
| Waterfront Y/N | false |
| Road Frontage Type | City Street |
| Number of Lots | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 34202
Price
Taxes
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on September 27, 2026 10:51 AM UTC The listing information on this page last changed on Last updated on September 27, 2026 10:51 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 27, 2026 10:51 AM UTC
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
Austin Board of REALTORS® Copyright ©2026 All rights reserved.
© 2026 Greater Alabama MLS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Numen Realty Advisors. Data last updated: September 27, 2026 10:29 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
