usm white logo

224 Phillip Morris DriveSalisbury, MD 21804Price: $4,400,000

  • Price: $4,400,000
  • 411 Days on Market
PrintSave Favorite
$
$
%
$/month over payments
Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Active
224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804224 Phillip Morris Drive Salisbury MD 21804
QR Code
  • 9.1Acreage
  • 1980Year Built
  • 110Price Per Square Foot
  • 2025Assessment Year
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. - Listed under the recently appraised value! - 40,017 SF 2 story 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. - 83.83% of all expenses are passed through as a tenant's expense.
Listed by Andrew Ball of SVN |Miller Commercial Real Estate

Driving Directions

Railey Vacations

Your Local Office

More Info »
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

More Info

Location Information

  • UsmAreaSalisbury - Wicomico Southeast

Parking

  • Parking TypesParking Lot

Basic Information

  • Date Listed05/30/2025

Location

  • Address224 Phillip Morris Drive
  • Building Number224
  • CountyWicomico
  • DirectionsStrategically 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.
  • In City Limits YNYes
  • StateMD
  • TownSalisbury
  • Zip21804

Amenities

  • Accessibility Amenities32"+ wide Doors, 36"+ wide Halls

Basic Information

  • Broker NameSVN/Miller Commercial Real Estate
  • List Price$4,400,000
  • MLS Area MajorWicomico Southeast
  • MLS NumberMDWC2018130
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot110
  • StatusACT

Building

  • Building Area SourceEstimated
  • Building Area Total40017
  • Construction MaterialsCombination
  • Total Garage And Parking Spaces204
  • Year Built1980
  • Year Built Effective2024

Utilities

  • CoolingHeat Pump(s)
  • Cooling FuelElectric
  • Heat SystemHeat Pump(s)
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Tax Information

  • Assessment Year2025
  • City Town Tax$26,445
  • City Town Tax Payment FrequencyAnnually
  • County Tax$21,675
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$2.99
  • Tax Year2025
  • Taxes$50,987
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage9.1
  • Business TypeFlex, Institutional, Medical, Professional, Other
  • Lot Size SourceEstimated
  • Lot Size Square Feet396,396
  • New Construction YNN
  • Property SubTypeOffice
  • ZoningLBI

Legal

  • Possession0-30 Days CD
  • Sale TypeStandard

Ask A Question

Do not fill in this field:

I agree to receive marketing and customer service calls and text messages from Railey Vacations. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Railey Vacations. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.