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    261 Saint Mihiel Dr Delran, NJ 08075

    Sponsored
    For Sale
    $540,000

    High-value land, I-2 zoning, development potential.

    Property size:
    14,863 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 0.34-acre property at 261 Saint Mihiel Drive in Delran, New Jersey, presents a compelling investment opportunity. Boasting a substantial 14,863 square feet of land, this site is zoned I-2, opening doors to a wide array of potential commercial uses. The property's strategic location within Delran positions it to benefit from the township's ongoing revitalization efforts. The true value lies in the land itself, offering significant potential for development and future growth. Further enhancing its appeal, there's a possibility of acquiring additional land from the township, providing convenient easement access to American Legion Drive. This access improvement would significantly enhance the property's logistical advantages and overall development potential. This is a rare chance to acquire a well-situated parcel in a thriving area, primed for a variety of commercial ventures. The I-2 zoning allows for diverse development options, making this an attractive proposition for investors seeking a strong return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property and the possibilities it presents. The potential for expansion via additional land acquisition from the township adds to the overall attractiveness of this unique opportunity.

    Property Features for 261 Saint Mihiel Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,863 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Wholesale Shop Dental Office Law Firm Spa & Massage Hotel & Motel Restaurant Building Supply Auto Parts Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delran
    County
    BURLINGTON
    State
    New Jersey
    Longitude
    -74.96526
    Latitude
    40.03652

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    FAQs

    What type of property is this?
    Commercial real estate - High-value land, I-2 zoning, development potential.
    Where is this commercial real estate located?
    The property is located at 261 Saint Mihiel Dr Delran, NJ.
    What is the asking price?
    The asking price for this property is $540,000.
    (856) 235-0111
    Request Owner's contact information
    261 Saint Mihiel Dr Delran, NJ 08075
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    Delran, NJ 08075
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 Saint Mihiel Dr Delran, NJ 08075
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