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listing
1 of 39
CommercialFor Sale
$4,650,000
224 Phillip Morris Drive
Salisbury, MD 21804
Listed by: SVN |Miller Commercial Real Estate, 410-543-2440
MLS: Bright MLS
40,017Sq Ft
Est. Mortgage
$24,102/mo

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.

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This data is up-to-date as of 08/18/2025 11:59 PM. Listing provided by Andrew Ball of SVN |Miller Commercial Real Estate.
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