Renovated Two-Story Office
For Sale
$4,400,000
224 PHILLIP MORRIS Drive, Salisbury, MD 21804
Commercial Sale, SALISBURY, MD
Property Size40,017 SF
Lot Size9.10 Acres
Price / SF$109.95
Days on Market473
Property Features for 224 PHILLIP MORRIS Drive
General Information
Property type
Other
Property subtype
Office
Parking
204
Parking features
Parking Lot
Elementary school district
WICOMICO COUNTY PUBLIC SCHOOLS
Middle school district
WICOMICO COUNTY PUBLIC SCHOOLS
High school district
WICOMICO COUNTY PUBLIC SCHOOLS
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 Agency:
SVN/Miller Commercial Real Estate
(410) 543-2440
Listed By:
Andrew Ball · License #36569
(410) 422-3672
Added: May 30, 2025
Changed: Sep 5
Last Checked: Sep 14 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This 40,017-square-foot office building contains two stories and 21 units. Originally constructed in 1980, the property was renovated in 2024 and is fully occupied by a mix of regional and national tenants. The building includes heat pump heating and cooling, while approximately one-half of the roofs were replaced within the last 18 months and most HVAC systems were replaced within the last two years.
The property sits on a 9.1-acre parcel and includes approximately 3 additional acres of unimproved land, along with rear parking. LBI zoning supports the property's office-oriented commercial classification. Approximately 83.83% of expenses are passed through to tenants, with the remaining expenses paid by the owner under the gross lease structure.
The property sits on a 9.1-acre parcel and includes approximately 3 additional acres of unimproved land, along with rear parking. LBI zoning supports the property's office-oriented commercial classification. Approximately 83.83% of expenses are passed through to tenants, with the remaining expenses paid by the owner under the gross lease structure.
Key Highlights
- 40,017 SF, two‑story office building with 21 units
- Fully occupied with regional and national tenants
- Renovated in 2024
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
Explore this area
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with updated building systems, LBI zoning, and additional land for parking or future use.
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 SF, two‑story office building with 21 units; Fully occupied with regional and national tenants; Renovated in 2024
