Philmore Commons Professional Office Complex

Highlights:

• Listed under the recently appraised value!
• 40,017 SF 2 story building with 21 units, regional and national tenants.
• Additional +/- 3 Acres 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.

Description:

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.

Strategically 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.

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