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Property summary
Philmore Commons offers 42,425 square feet of Class B office space in Salisbury, MD. This multi-tenant building, constructed in 1980, sits on a 9-acre lot and enjoys a highly visible location on US Route 50. Individual suites range from a minimum of 660 square feet to a maximum contiguous space of 6,152 square feet, with the entire 42,425 square feet currently vacant. The property is zoned for Light Business and Institutional use within Wicomico County. Amenities include a large private parking lot, an elevator, and high-speed internet access (Comcast). The landlord is open to negotiating tenant build-outs to create the ideal workspace, and free rent periods may be available. Multiple floor plans are available to accommodate a variety of business needs, making Philmore Commons an excellent opportunity for businesses seeking flexible and well-located office space in the heart of Salisbury. The building's prominent location on a major thoroughfare ensures high visibility and easy access for clients and employees. This is a rare opportunity to secure a significant amount of office space in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Church
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Real Estate Agency
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Alternative Medicine Practice
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Pediatrician Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LB · Salisbury, MDZoning
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Zoning designation
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The district profile from the municipal source: what is on file for LB in Salisbury, MD.
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