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Renovated Office Suite with Open Floor Plan
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224 Phillip Morris Dr, Salisbury, MD 21804

Renovated 2,123 SF office suite with a wide-open plan, private offices, and reception, plus renovated common restroom access.

Space Size2,123 SF
Days on Market1086

Property Features for 224 Phillip Morris Dr

General Information

Standard status Active
Size 2,123 SF
Net Rentable 2,123 SF
Property subtype OFFICE
Lease Type NNN

Space & Availability

Available Space 2,123 SF
Contiguous Space 2,123 SF
Space Use Office
Condition Turnkey

Spaces For Lease

at 224 Phillip Morris Dr Contact us

224 Phillip Morris Dr $8/SF/Yr

Floor
2
Size
2,123 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Come see the NEW Philmore Commons. New ownership has completed many improvements...
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Listing Agency: SVN - Miller | Salisbury
Listed By: Andrew "Andy" Ball · License #36569
Source: Moodyscre
Added: Sep 1, 2023 Changed: Aug 8 Last Checked: Aug 21 at 10:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN - Miller | Salisbury

Investment Insights

Based on property information with market context.

Come see the new Philmore Commons. Under new ownership, this just-renovated office suite offers 2,123 leasable square feet of workspace designed with a wide open floor plan, complemented by several private offices and a reception area. LVP flooring and fresh paint help create a clean, modern look throughout the space.

The suite is serviced by a common area bathroom that has also been renovated. Additional improvements may be possible based on tenant needs, and the space is being offered with an introductory rate for multiple-year leases.

Situated at 224 Phillip Morris Dr in Salisbury, the suite is part of the Philmore Commons and is well suited for office users looking for a recently updated interior and flexible layout.

Key Highlights

  • 2,123 leasable SF renovated office suite
  • Wide open floor plan with private offices
  • Reception area included

Property Analytics

Current Use

Passionate LightHouse of GOD Church The Spence Realty Group Real Estate Agency Dr. Kristen M ... Alternative Medicine Practice Jennifer Funaioli-Sheehan Pediatrician Dr. Curtis Harris Physician

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Real Estate Agency HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

466
Businesses Nearby

Demographics for 21804, MD

40,049
Population
16,736
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
89%
High-School Grad
68.6 sq mi
ZIP Area
584
Density / Sq Mi
$68,882
Median Household Income
$35,902
Median Earnings
$1,343
Median Rent
$230,200
Median Home Value

Market

Lease Benchmarks for Salisbury, MD

$18.38 /SF/Yr
Avg Asking Price
$1.38–$216 /SF/Yr
Price Range
8,413 SF
Avg Space Size

This space is priced 56% below the average of $18.38 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Renovated 2,123 SF office suite with a wide-open plan, private offices, and reception, plus renovated common restroom access.
Where is this office units located?
The property is located at 224 Phillip Morris Dr Salisbury, MD.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 2,123 leasable SF renovated office suite; Wide open floor plan with private offices; Reception area included
(410) 422-3672 Call to check price and availability
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