261 SAINT MIHIEL DR Riverside, NJ 08075
UPDATED:
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJBL2060228
Year Built 1960
Annual Tax Amount $3,023
Tax Year 2024
Lot Size 0.341 Acres
Acres 0.34
Lot Dimensions 99.10 x 150.00
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
Located in a rapidly improving area, this property offers strong long‑term upside. Zoned I‑2, it supports numerous commercial and industrial applications, making it ideal for redevelopment, owner‑use, 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 motor‑vehicle flow, making it an ideal location for a food‑service 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 near‑turnkey restaurant space while allowing tenants to complete any additional due diligence required for their specific business type. Any business‑specific modifications, fit‑outs, or upgrades needed for a tenant's 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 Drive—an advantage rarely offered.
Current rental option: $2,400/month, (Triple Net Lease)
Location
State NJ
County Burlington
Area Riverside Twp (20330)
Zoning I-2
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Ceramic Tile, Concrete
Inclusions All Restaurant Equipment
Heat Source Natural Gas
Exterior
Garage Spaces 15.0
Utilities Available Natural Gas Available
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 15
Garage N
Building
Foundation Concrete Perimeter
Sewer No Septic System
Water Public
New Construction N
Schools
School District Riverside Township Public Schools
Others
Tax ID 30-00502-00010
Ownership Fee Simple
Security Features Security System
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard, Other
