224 PHILLIP MORRIS Drive, Salisbury, MD 21804
Commercial Sale - SALISBURY, MD
- Added:
- May 30, 2025
- Days on Market:
- 382
- Last Refresh:
- Jun 15 at 1:06 pm
Property Features for 224 PHILLIP MORRIS Drive
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 204
- Parking features
- Parking Lot
- Standard status
- Active
- Lot size
- 9.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 50987
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1980
- Building materials
- Combination
Listing agent Andrew Ball License #36569 (410) 422-3672
Listing office SVN/Miller Commercial Real Estate 206 E Main Street, Salisbury, MD (410) 543-2440
Listing date May 30, 2025
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.
HighLights
- Fully occupied, income‑generating property with a mix of regional and national tenants.
- Listed under recently appraised value.
- Significant recent renovations completed in 2024, including HVAC systems and roofs.
- 83.83% of expenses are passed through to tenants.
- Prime location on Maryland's Eastern Shore.
- Includes an additional +/- 3 acres of unimproved land with extra parking.
Overview
Located at 224 Phillip Morris Drive in Salisbury, Maryland, the property sits on a total lot area of 9.1 acres in Wicomico County. The property is zoned LBI and is described as fully occupied with a mix of regional and national tenants.
For buyers and tenants evaluating an office building with existing in-place operations, this configuration provides multiple unit space and a current occupancy profile. Lease expense structure is described as approximately 83.83% of expenses passed through to tenants as a tenant expense, with the remaining expense attributed to the owner due to the gross lease arrangement. With the stated renovation and building systems updates, the property is positioned for purchasers seeking an office investment where significant exterior and mechanical components have been addressed recently.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Wicomico
- State
- Maryland
- Longitude
- -75.55639
- Latitude
- 38.36715