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About This Home
This 0-bedroom, 0-bathroom commercial at 224 PHILLIP MORRIS Drive in SALISBURY, MD is listed for $4,400,000. Built in 1980, on a 9.10 acres lot.
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.
Key Features
- Built in 1980
- 9.10 acre lot
- 204 parking spaces
Property Details
Monthly Cost Estimate
$23,532/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
224 PHILLIP MORRIS Drive
SALISBURY, MD 21804
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 224 PHILLIP MORRIS Drive is listed at $4,400,000. The estimated monthly payment is $19,067 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 9.10 acre lot, 204 parking spaces.
This property is listed by Andrew Ball and can be reached at 4104223672 or andy.ball@svn.com.