Renovated Office Space Available
For Lease
$21.50 SF/Yr NNN
224 Phillip Morris Dr, Salisbury, MD 21804
Newly renovated office space featuring an open layout and suites.
Space Size10,500 SF - 31,450 SF
Property Size66,950 SF
Days on Market209
Property Features for 224 Phillip Morris Dr
General Information
Standard status
Active
Size
10,500 SF - 31,450 SF
Class
A
Property subtype
Office - General Office
Building Details
Building Size
66,950 SF
Year Built
2025
Units
3
Spaces For Lease
at 224 Phillip Morris Dr Contact usBuilding A $21.50/SF/Yr
Size
10,500 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Building B $21.50/SF/Yr
Size
31,450 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Building C $21.50/SF/Yr
Size
25,000 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
SVN | Miller Commercial Real Estate
Listed By:
Andrew Ball · License ##36569
(410) 543-2440
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 5
Last Checked: Oct 19 at 4:11AM
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 Commercial Real Estate
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Investment Insights
Based on property information with market context.
This newly renovated office space is located on the second floor of a walk-up building. The layout includes a large open area, two office suites, and two bathrooms. The space is available immediately for lease at $12 per square foot, with triple net fees estimated at $5.25 per square foot. This property is part of a thriving office complex.
Key Highlights
- Newly renovated office space available immediately
- Open layout with large open area
- Two private office suites provide flexibility
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salisbury, MD
$10.57 /SF/Yr
Avg Asking Price
$1.38–$25 /SF/Yr
Price Range
11,753 SF
Avg Space Size
This space is priced 103% above the average of $10.57 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly renovated office space featuring an open layout and suites.
Where is this office unit located?
The property is located at 224 Phillip Morris Dr Salisbury, MD.
What is the lease rate?
The lease rate is $21.50 SF/Yr.
What are key features of this property?
This property features: Newly renovated office space available immediately; Open layout with large open area; Two private office suites provide flexibility
