61 Saint Mihiel Drive Riverside, NJ $ 4,950,000
61 Saint Mihiel Drive
$ 4,950,000
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61 Saint Mihiel Drive

Riverside, NJ, 08075
$ 4,950,000
Bedrooms-- Baths-- Sq 17,300

Monthly Estimate*

$ 31,255

61 Saint Mihiel Drive, Riverside, NJ 08075 - Image 1
61 Saint Mihiel Drive, Riverside, NJ 08075 - Image 2

Commercial Property for sale in Riverside, NJ

for $4,950,000. This 17,300 square foot building was built in 1940 on a lot size of 0.75.

Exceptional Delaware River Waterfront Development Opportunity 55-57, 61 & 63 Saint Mihiel Drive | Riverside, New Jersey Presenting one of Southern New Jersey's most unique waterfront development opportunities. Encompassing approximately 7.7 acres across five contiguous parcels, this premier Delaware River property offers an exceptional combination of scale, location, existing improvements, and future redevelopment potential. Ideally situated in Riverside, Burlington County, the property enjoys convenient access to Route 130, Route 73, I-295, the New Jersey Turnpike, and the Tacony-Palmyra Bridge, providing direct connectivity to Philadelphia and the greater South Jersey region. Its strategic location places residents and businesses within minutes of major employment centers, retail corridors, dining, and recreational amenities while offering the tranquility and scenic beauty of a true waterfront setting. With approximately 1,200 feet of road frontage and more than 1,000 feet of direct frontage along the Delaware River, the property offers panoramic river views that are rarely available in today's market. Included riparian rights further enhance the property's long-term value and development appeal. The site is currently improved with a 10,000 square foot catering and banquet facility that successfully operated for more than 25 years, a 2,000 square foot office building, a 2,800 square foot two-story residence, and a 2,500 sq ft warehouse. Formerly Clarks Landing Marina which operated as a successful marina for many years. These existing improvements provide flexibility for interim income, owner occupancy, adaptive reuse, or phased redevelopment. Outstanding Residential Development Potential With nearly eight acres of contiguous waterfront land, the property presents an exceptional opportunity to create a signature residential community unlike any other in the region. The expansive site is well suited for a thoughtfully designed waterfront development featuring luxury condominiums, townhomes, or a mixed residential community, subject to municipal approvals. Future residents could enjoy: Unobstructed Delaware River views Private waterfront promenades and walking trails Community green space and outdoor gathering areas Boat access or marina-related amenities (subject to approvals) Luxury residential units with balconies and rooftop terraces overlooking the river Convenient commuting access to Philadelphia and major South Jersey highways As demand continues to grow for high-quality waterfront housing close to Philadelphia, opportunities to develop large-scale riverfront communities have become increasingly limited. The property's size, frontage, and unique setting position it as an ideal candidate for a transformative residential project that capitalizes on both lifestyle appeal and long-term investment value. Investment Highlights Approximately 7.7 acres across five contiguous parcels Over 1,000 feet of Delaware River frontage Approximately 1,200 feet of road frontage Included riparian rights Existing improvements totaling approximately 17,300 square feet 10,000 SF banquet/catering facility 2,000 SF office building 2,800 SF two-story residence 2,500 SF warehouse Established catering venue with more than 25 years of operating history Minutes from Rt 130, Rt 73, I-295, the New Jersey TP, and the Tacony-Palmyra Bridge Convenient access to Phila. and the surrounding metropolitan area Exceptional opportunity for luxury waterfront condominiums, townhomes, mixed-use, hospitality, or continued commercial use, subject to zoning and municipal approvals Opportunities of this caliber are exceedingly rare. Whether envisioned as a landmark waterfront residential community, an upscale mixed-use destination, or a repositioned commercial waterfront asset, 55-57, 61 & 63 Saint Mihiel Drive offers investors and developers the chance to acquire one of the Delaware River's most significant redevelopment sites in Southern NJ.

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Commercial Active

Price

$ 4,950,000

Property Type

Commercial

Taxes

$ 13,480

Style

Apartment Building,Banquet Facility/Lodge

Lot Size

0.75

Year Built

1940

Town/City

Riverside

County/Region

Burlington

MLS | Web ID

NJBL2116842

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession 0-30 Days CD
Zoning H - HARBOR DISTRICT
Construction Materials Combination
Year Built 1940
Property Subtype Land for Commercial Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality DELRAN TWP
Business Type Apartment Building Banquet Facility/Lodge
Accessibility None
County BURLINGTON
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions U.S. Route 130: This is the primary highway serving Delran. You can reach Route 130 in less than 5 minutes via Taylors Lane or Fairview Boulevard. It provides direct signalized access north toward Bu
City RIVERSIDE
Number Of Units Total 0
MLS Area Delran Twp (20310)
Lot Size Units Square Feet
Lot Size Square Feet 32635.00
Tax Annual Amount 13480.0
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 00031 03
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Exterior
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 0.00
Lot Dimensions 294.00 x 111.00
Lot Size Acres 0.75
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 84600.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 61
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* Excluded Features
List By
Bhhs Fox & Roach-Marlton

Broker

dawnvarallo@gmail.com

Email

Affordability Calculator

$32,378
Per Month
97%
3%
0%
Monthly Principal & Interest
$31,255
Monthly Property Taxes
$1,123
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
7/29/2026$4,950,000 Listed Price

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61 Saint Mihiel Drive, Riverside, NJ, 08075 is a Commercial Property for sale at $4,950,000 with 17,300 sqft and a lot size of 0.75. 61 Saint Mihiel Drive was built in 1940. The property's zip code is 08075 which is in Riverside, NJ