61 Saint Mihiel Drive Riverside, NJ $ 4,950,000
61 Saint Mihiel Drive
$ 4,950,000
Recently Listed
Share Save

61 Saint Mihiel Drive

Riverside, NJ, 08075
$ 4,950,000
Baths0.0

Monthly Estimate*

$ 31,255

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

Lots and Land for sale in Riverside, NJ

for $4,950,000. The lot size is 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.

See more

Lots and Land Active

Price

$ 4,950,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 13,480

Style

Marina

Lot Size

0.75

Town/City

Riverside

County/Region

Burlington

MLS | Web ID

NJBL2116848

Features
General
Sewer Public Sewer
Possession 0-30 Days CD
Zoning H - HARBOR DISTRICT
School District DELRAN TOWNSHIP PUBLIC SCHOOLS
Property Subtype Land
Tax Year 2025
Current Use Marina Other
Ownership Fee Simple
Municipality DELRAN TWP
Additional Parcels Description Lot 31.01 29 30 31 - Block 1
County BURLINGTON
Property Type Land
HOA N
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
MLS Area Delran Twp (20310)
Lot Size Units Square Feet
Lot Size Square Feet 32635.00
Tax Annual Amount 13480.0
Clean Green Assessed Y/N N
Price Per Sq Ft Total AG 151.68
Additional Parcels Y/N Y
Vacation Rental Y/N N
Standard Status Active
Tax Lot 00031 03
See more
Exterior
Water Source Public
Water View Y/N N
Lot Dimensions 294.00 x 111.00
Lot Size Acres 0.75
Lot Size Source Assessor
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 61
See more
* 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3534080 Elementary School
3533987 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/29/2026$4,950,000 Listed Price

Map


See all

61 Saint Mihiel Drive, Riverside, NJ, 08075 is a Lots and Land for sale at $4,950,000 with a lot size of 0.75. 61 Saint Mihiel Drive is a studio with 0.0 baths. The property's zip code is 08075 which is in Riverside, NJ