Philmore Commons Professional Office Complex

For Sale

224 Phillip Morris Dr, Salisbury, MD 21804

This Salisbury property for sale is located at 224 Phillip Morris Dr. The general use of Philmore Commons Professional Office Complex is office and it incorporates 40,017 square feet of class B office space. The current listed sale price for Philmore Commons Professional Office Complex is $4,650,000. Philmore Commons Professional Office Complex is situated on a lot that is 9.1 acre in size.

Contacts

broker
Andrew Ball

SVN | Miller Commercial Real Estate

Property Details

  • Property Type Office - General Office
  • Property Size 40,017 SF
  • Units 21
  • Lot Size 9.1 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1980
  • Year Renovated 2024
  • Date Updated May 28, 2025
Strategically located near Route 50, Philmore Commons provides convenient access to retail and major travel routes. This prime location enhances its appeal to businesses and professionals seeking a well-connected presence in Maryland's Eastern Shore market.Explore an exceptional investment opportunity with this well maintained 40,017 SF, two-story building featuring 21 units. Renovated in 2024, the property boasts a prime location on Maryland's Eastern Shore and is fully occupied with a mix of regional and national tenants. Zoned LBI, this offering includes an additional +/- 3 Acres of unimproved land with extra parking. Listed under the recently appraised value, and with substantial recent updates including HVAC systems and roofs, this property presents a compelling value proposition. With approximately 83.83% of all expenses being passed through as a tenant's expense, the remaining expense would be owner's expense due to the gross leases. This property offers a solid and attractive income-generating opportunity for investors.
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Highlights

  • 40,017 SF 2 story building with 21 units, regional and national tenants.
  • 83.83% of all expenses are passed through as a tenant's expense.
  • Additional +/- 3 Acres of unimproved land with additional parking in the rear.
  • Approximately 1/2 of the roofs have been redone in the last 18 months and most HVAC systems replaced in the last two years.
  • Listed under the recently appraised value!
  • Professional management fees are included in the expenses.

Getting around

  • 37/100

    Walk Score ®

  • 11/100

    Transit Score ®

  • 39/100

    Bike Score ®

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Location

  • City Salisbury, MD
  • Neighborhood Salisbury
  • Zip Code 21804

Points of Interest

  • Pure

    0.47 miles

  • Shore Stop

    0.79 miles

  • Tiger Mart

    0.80 miles

  • Shell

    1.94 miles

  • Oceanic

    2.01 miles

  • Royal Farms

    2.09 miles

  • Tesla Supercharger

    2.43 miles

  • WAWA

    2.45 miles

  • Delmarva Power

    2.52 miles

  • Exxon

    2.55 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Andrew Ball

SVN | Miller Commercial Real Estate

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