8946 77th Terrace, FL

$6,975,000

8946 77th Terrace

Lakewood Ranch, FL 34202

Active
0
Baths
8,046
Sq Ft
0.18
Acres
2009
Built
$867/sqft360° tour
Office

Property type

2009

Year built

8,046 sqft

Lot size

$867

Price / sq ft

No HOA

HOA dues

51

Days on market

X

Flood zone

About this home

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 $37,784.91, 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 6.5% cap rate, generating $453,418.88 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.

Estimated monthly payment

Principal & interest$35,269
Property taxes$1,964
Home insurance (est.)$3,197

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history51 days on market

  1. Status: Active
    Apr 1, 2026
  2. Listed$7,545,000
    Apr 1, 2026
  3. Price reduced$6,975,000

Virtual Tour

Facts & features

Property type
Commercial Sale
Sub type
Office
Status
Active
Days on market
51
Subdivision
Professional Center At Lakewood R 8, 9&10
County
Manatee
Year built
2009
Living area
8,046 sq ft
Price/sq ft
$867
Lot size
8,046 sq ft
Lot category
0 to less than 1/4
Flood zone
X (12081C0339F)
Annual taxes
$23,562 (2025)
Parcel #
1918552979
Zoning
PD-MU
MLS #
A4688412

Heating & Cooling

Cooling
Central Air

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Ownership
Fee Simple

Exterior & Construction

Construction materials
Stucco
Foundation
Slab
Road surface
Asphalt

Listing Details

Listing date
2026-04-01
On market date
2026-04-01
Original list price
$7,545,000
MLS area
34202 - Bradenton/Lakewood Ranch/Lakewood Rch
Listing AOR
Sarasota - Manatee
Status changed
2026-04-01
Tax 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#

Flood risk

Minimal riskFEMA Zone XPanel 12081C0339F

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

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.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of May 22, 2026 at 9:09 AM ET. All data is obtained from various sources and may not have been verified by 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA