224 Phillip Morris (philmore Commons),
Salisbury,
Maryland MD21804
Listing IDMDWC2006164
Sold For$2,690,000
Price/SqFt$87.46
StatusCLOSED
Sold Date7/12/2023
SqFt
40,017
CountyWicomico
Year Built1980
Property TypeCommercial Sale
Property Sub TypeOffice
Large office complex with multiple tenant layouts
Approximately 2.5 acres of paved parking area and 4.25 acres of cleared land
5,500 Square feet of office space was recently completely renovated to Class A space
Entire complex has fire monitoring, there is an elevator for access to a majority of the second floor spaces and all areas are ADA compliant
Several tenants are in place with short term leases (rent roll available upon request)
Perfect opportunity for redevelopment
Three adjacent parcels along Philip Morris Drive (see documents tab) are available to increase the site size or provide additional ingress/egress
County
Wicomico
Price/SqFt
87.46
Property Sub Type
Office
Property Type
Commercial Sale
Year Built
1980
Zoning
C
Building Total SqFt Source
Estimated
Central Air
no
Cooling Type
Heat Pump(s)
Flooring Type
Carpet, Vinyl
Heating
yes
Heating Type
Heat Pump(s)
Car Parking Spaces
35
Construction Materials
Wood Siding
Cooling Fuel
Electric
Heating Fuel
Electric
Hot Water
Electric
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Road Responsibility
Public
Road Surface Type
US Highway/Interstate
Roof
Architectural Shingle
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
35
Type of Parking
Parking Lot
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Building Name
NONE AVAILABLE
Country
US
In City Limits
yes
MLS Area
Wicomico Northeast (23-02)
Municipality
SALISBURY
Waterfront
no
Accessibility Features
32"+ wide Doors
Base Off Market Date
2023-07-13T00:00:00+00:00
Business Type
Professional
Days on Market
251
Potential Tenancy
Multiple
Property Manager
Y
Year Built Source
Estimated
Automatically Update Tax Values
no
Buyer Financing
Owner Financing
Net SqFt
1001
Ownership Interest
Fee Simple
Possession
0-30 Days CD
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
31931.63
Tax Assessed Value
1695400
Tax Lot
0U02
Tax Year
2022
Vacation Rental
no
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Contact - Listing ID MDWC2006164
Paul Whitney
Listing courtesy of SVN |Miller Commercial Real Estate 410-543-2440
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of SVN |Miller Commercial Real Estate. Data last updated on Thursday, March 28th, 2024 02:43:19 AM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of SVN |Miller Commercial Real Estate. Data last updated on Thursday, March 28th, 2024 02:43:19 AM.
Data services provided by IDX Broker