224 Phillip Morris (Philmore Commons), Salisbury, MD 21804 - Photo 1

1/1

$2,690,000

Sold
Closed
Commercial

1/1

Property Description

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

Full Property Details

Full Property Details for 224 Phillip Morris (Philmore Commons)

General

Sold For: $2,690,000
Taxes: $31,931 (2022)
Status: Closed
Type: Commercial
Source: BrightMLSMidAtlantic
MLS ID: MDWC2006164
Added to Site: 1, 303 day(s) ago

Business

Business Type: Professional

Interior

Flooring: Carpet, Vinyl

Parking

Total Spaces: 35
Parking Type: Parking Lot

Location

Area: Wicomico Northeast (23-02)
Municipality: SALISBURY
County: Wicomico
Building Name: NONE AVAILABLE
Driving Directions: Starting from N Salisbury Blvd turn right onto E Isabella street then turn left onto E Church St. Make a right onto Beaglin Park Dr and then a Left onto Dallas Dr. Turn left onto Phillip Morris Dr for your destination.
City Limits: Yes

Heating & Cooling

Cooling Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Type: Heat Pump(s)
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Wood Siding
Roof: Architectural Shingle
Stories/Levels: 0
Year Built: 1980
Year Built Source: Estimated

Unit Information

# Tenants: Multiple

Lot Features

Lot Size Source: Estimated
Street/Road Desc.: US Highway/Interstate
Zoning: C

Financial Considerations

Price Per Sq. Ft.: $87.46
City/TownTax: $15,947
City/TownTax Freq: Annually
County Tax: $15,984
County Tax Freq: Annually
Tax w/Assessment: $1,695,400
Tax Amount: $31,931
Tax Year: 2022

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 0U02

Listed and Sold by SVN/Miller Commercial Real Estate, Andrew Ball and SVN/Miller Commercial Real Estate, Richard Tilghman

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Listing agents

— 224 Phillip Morris (Philmore Commons) —

Andrew Ball

SVN/Miller Commercial Real Estate
Richard Tilghman

SVN/Miller Commercial Real Estate

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NMLS#: 1598647

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Schools

Schools serving 224 Phillip Morris (Philmore Commons)

School District:Wicomico County Public Schools

Name	Grades	Distance
East Salisbury Elementary School 1201 Old Ocean City Road, Salisbury, MD 21804	3-5	1.1 mi
Beaver Run School 31481 Ocean City Road, Salisbury, MD 21804	PK-2	2.1 mi
Wicomico Middle School 635 East Main Street, Salisbury, MD 21804	6-8	1.8 mi
Wicomico High School 201 Long Avenue, Salisbury, MD 21804	9-12	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 224 Phillip Morris (Philmore Commons)

Date

Details

Price

Change

Source

7/12/2023

Sold

$2,690,000

-23.14%

MLS

7/28/2022

Listed

$3,500,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Active
Updated 4 days ago

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Beds
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Total Baths
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Sq. Ft.

Listed by Smalls Real Estate Company, Fernando G Hurtado

224 Phillip Morris (Philmore Commons), Salisbury, MD 21804 (MLS# MDWC2006164) is a Commercial property that was sold at $2,690,000 on July 12, 2023. Want to learn more about 224 Phillip Morris (Philmore Commons)? Do you have questions about finding other Commercial real estate for sale in Salisbury? You can browse all Salisbury real estate or contact a Coldwell Banker agent to request more information.

224 Phillip Morris (Philmore Commons) Salisbury, MD 21804

Full Property Details for 224 Phillip Morris (Philmore Commons)

General

Business

Interior

Parking

Location

Heating & Cooling

Utilities

Structural Information

Unit Information

Lot Features

Financial Considerations

Disclosures and Reports

Listing agents

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 224 Phillip Morris (Philmore Commons)

Price & Sales History for 224 Phillip Morris (Philmore Commons)

Just Listed near 224 Phillip Morris (Philmore Commons)

505 St Lukes Rd Fruitland, MD 21826

221 N Dulany Ave Fruitland, MD 21826

306 Elizabeth St Fruitland, MD 21826

3421 Allen Rd Eden, MD 21822

Price Reduced near 224 Phillip Morris (Philmore Commons)

105 Spruce St Fruitland, MD 21826

301 E Chestnut St Delmar, MD 21875

26792 Porter Mill Rd Hebron, MD 21830

402 N 2nd St Delmar, DE 19940