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About the Listing HRN&LIM - 3387847,3387847
Significant Price Reduction—Serious Opportunity for Investors. 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)
Listing Highlights
Status
Active
Days on Site
950
Property Type
Commercial Sale
MLS ®
NJBL2060228
Year Built
1960
Total Square Footage
0
Lot/Acreage
0.34
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor: Ceramic Tile,Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 15
- Lot Dimensions: 99.10 x 150.00
- Zoning: See Josh for all uses.
- Roof: Flat
- Others: Good
- Sewer: No Septic System
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $3,023
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
261 Saint Mihiel Dr Riverside, NJ 08075
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