21-Unit Office
224 PHILLIP MORRIS Drive, Salisbury, MD 21804
For Sale
$4,400,000
Commercial Sale, SALISBURY, MD
Property Size40,017 SF
Lot Size9.10 Acres
Price / SF$109.95
Days on Market527
Property Features for 224 PHILLIP MORRIS Drive
General Information
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Middle school district
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Additional Details
Tenant in Place
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Building Details
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Buildings
Listing Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Andrew Ball · License #36569
(410) 422-3672
Added: May 30, 2025
Changed: Oct 26
Last Checked: Nov 7 at 3:06PM
MLS# MDWC2018130
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story office property contains 40,017 square feet across 21 units. The 9.1-acre site includes approximately 3 acres of unimproved land, with parking at the rear. The building was constructed in 1980 and renovated from 2024 through 2026. About half of the roofs were replaced within the last 18 months, and most HVAC systems were replaced in the last two years.
The property is fully occupied by a mix of regional and national tenants and is zoned LBI. Gross leases pass approximately 83.83% of expenses through to tenants. The building has heat-pump heating and cooling, with a parking lot on site.
The property is fully occupied by a mix of regional and national tenants and is zoned LBI. Gross leases pass approximately 83.83% of expenses through to tenants. The building has heat-pump heating and cooling, with a parking lot on site.
Key Highlights
- 40,017‑square‑foot, two‑story office building with 21 units
- Fully occupied by regional and national tenants
- 9.1‑acre site, including approximately 3 acres of unimproved land
Property Analytics
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Current Use
Lease Details
21
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
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Business Placement
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
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Market
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied and zoned LBI, the property includes additional unimproved land and rear parking.
Where is this office building located?
The property is located at 224 PHILLIP MORRIS Drive Salisbury, MD.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 40,017‑square‑foot, two‑story office building with 21 units; Fully occupied by regional and national tenants; 9.1‑acre site, including approximately 3 acres of unimproved land
