Delaware River Waterfront Development
New
For Sale
$4,950,000
61 SAINT MIHIEL DRIVE, Riverside, NJ 08075
LAND - RIVERSIDE, NJ
Property Size17,300 SF
Lot Size7.70 Acres
Price / SF$286.13
Days on Market3
Property Features for 61 SAINT MIHIEL DRIVE
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Lot size
7.70 Acres
Listing Agency:
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center · Berkshire Hathaway HomeServices
(856) 810-5300
Listed By:
Dawn Varallo · License #1329291
(856) 381-7884
Added: Jul 29
Last Checked: Jul 31 at 9:06PM
MLS# NJBL2116848
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Delaware River waterfront site consists of approximately 7.7 acres across five contiguous parcels, offering over 1,000 feet of direct frontage along the river and approximately 1,200 feet of road frontage. The property includes riparian rights and is currently improved with a 10,000-square-foot catering and banquet facility, a 2,000-square-foot office building, a 2,800-square-foot two-story residence, and a 2,500-square-foot warehouse.
The site is located in Riverside, Burlington County, with access to Route 130, Route 73, I-295, the New Jersey Turnpike, and the Tacony-Palmyra Bridge, providing connectivity to Philadelphia and the broader South Jersey region.
Historically operated as Clarks Landing Marina, the existing improvements create flexibility for interim income, owner occupancy, adaptive reuse, or phased redevelopment, subject to municipal approvals.
The site is located in Riverside, Burlington County, with access to Route 130, Route 73, I-295, the New Jersey Turnpike, and the Tacony-Palmyra Bridge, providing connectivity to Philadelphia and the broader South Jersey region.
Historically operated as Clarks Landing Marina, the existing improvements create flexibility for interim income, owner occupancy, adaptive reuse, or phased redevelopment, subject to municipal approvals.
Key Highlights
- Approx. 7.7‑acre Delaware River waterfront site across five contiguous parcels at 55‑57, 61 & 63 Saint Mihiel Drive, Riverside, NJ
- Over 1,000 ft of direct Delaware River frontage plus approx. 1,200 ft of road frontage
- Included riparian rights with existing Delaware River waterfront position
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.9k | $17.28 |
| − Vacancy | −$17.9k | −$1.04 |
| EGI | $281.0k | $16.24 |
| − OpEx | −$42.2k | −$2.44 |
| NOI | $238.9k | $13.81 |
17,300 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.41M
$2.99M – $3.98M
NOI $238,856 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,216 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 08075, NJ
30,327
Population
12,092
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,063
Density / Sq Mi
$94,576
Median Household Income
$47,979
Median Earnings
$1,427
Median Rent
$288,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Waterfront Land - Waterfront land with over 1,000 feet of Delaware River frontage and existing marina-related improvements.
Where is this waterfront land located?
The property is located at 61 SAINT MIHIEL DRIVE Riverside, NJ.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approx. 7.7‑acre Delaware River waterfront site across five contiguous parcels at 55‑57, 61 & 63 Saint Mihiel Drive, Riverside, NJ; Over 1,000 ft of direct Delaware River frontage plus approx. 1,200 ft of road frontage; Included riparian rights with existing Delaware River waterfront position
