261 Saint Mihiel Drive Riverside, NJ $ 419,999
261 Saint Mihiel Drive
$ 419,999
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261 Saint Mihiel Drive

Riverside, NJ, 08075
$ 419,999
Bedrooms-- Baths-- Sq 14,863

Monthly Estimate*

$ 2,652

261 Saint Mihiel Drive, Riverside, NJ 08075 - Image 1
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261 Saint Mihiel Drive, Riverside, NJ 08075 - Image 12

Commercial Property for sale in Riverside, NJ

for $419,999. This 14,863 square foot building was built in 1960 on a lot size of 0.34.

Significant Price ReductionSerious Opportunity for Investors. Located in a rapidly improving area, this property offers strong longterm upside. Zoned I2, it supports numerous commercial and industrial applications, making it ideal for redevelopment, owneruse, or portfolio expansion. Prime restaurant opportunity in the heart of Riverside. 261 Saint Mihiel Drive sits along a highly traveled corridor with strong foot traffic and consistent motorvehicle flow, making it an ideal location for a foodservice business seeking visibility and accessibility. The property is currently moving through key compliance steps, including a Certificate of Occupancy, a fully permitted fire suppression system, and Board of Health regulatory requirements all in process and expected to be completed in the near future. These upgrades position the building as a nearturnkey restaurant space while allowing tenants to complete any additional due diligence required for their specific business type. Any businessspecific modifications, fitouts, or upgrades needed for a tenants particular restaurant concept will be the responsibility of the tenant. Price increase reflects compliance upgrades and approvals that are in the process of completion by landlord. Rental Option is to include but not limited to $2,400 per month (Triple Net Lease) The township may also make additional land available, enabling easement access to American Legion Drivean advantage rarely offered. Current rental option: $2,400/month, (Triple Net Lease)

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Commercial Active

Price

$ 419,999

Property Type

Commercial

Taxes

$ 3,023

Style

Cold Storage,Institutional,Manufacturing,/General

Lot Size

0.34

Year Built

1960

Town/City

Riverside

County/Region

Burlington

MLS | Web ID

NJBL2060228

Features
Interior
Heating Fuel Natural Gas
Flooring Ceramic Tile Concrete
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer No Septic System
Heating Forced Air
Cooling None
Utilities Natural Gas Available
Possession 31-60 Days CD
Roof Flat
Zoning I-2
Security Features Security System
Construction Materials Block
Exclusions Personal items
Year Built 1960
Property Subtype Land for Commercial Use
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Municipality RIVERSIDE TWP
Business Type Cold Storage Institutional Manufacturing Other/General Retail Parking Lot Professional Storage Truck Maintenance Facility Auto Related Medical Other
Accessibility None
County BURLINGTON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS
City RIVERSIDE
Disclosures Agent Related to Owner
Number Of Units Total 0
MLS Area Riverside Twp (20330)
Lot Size Units Square Feet
Lot Size Square Feet 14863.00
Tax Annual Amount 3023.0
Property Condition Good
Acceptable Financing Cash
Historic Y/N N
Lease Considered Y/N Y
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 00010
Association Recreation Fee N
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Exterior
Water Source Public
Inclusions All Restaurant Equipment
Type of Parking Parking Lot
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 99.10 x 150.00
Lot Size Acres 0.34
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 70000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 261
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* Excluded Features
List By
Herron Real Estate

Broker

joshgrahamsells@gmail.com

Email

Affordability Calculator

$2,904
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,652
Monthly Property Taxes
$252
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2026$419,999 -1.18% Price Down
9/21/2026$424,999 -2.30% Price Down
7/22/2026$434,999 -5.44% Price Down
4/25/2026$460,000 -6.12% Price Down
3/17/2026$490,000 -9.26% Price Down
9/22/2024$540,000 -8.47% Price Down
2/15/2024$590,000 -4.84% Price Down
2/14/2024$620,000 Listed Price

Map


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261 Saint Mihiel Drive, Riverside, NJ, 08075 is a Commercial Property for sale at $419,999 with 14,863 sqft and a lot size of 0.34. 261 Saint Mihiel Drive was built in 1960. The property's zip code is 08075 which is in Riverside, NJ