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61 Saint Mihiel Dr , Delran, NJ 08075
$6,950,000
Est. Payment: $37,530.08/mo
0.75 Acres
Status: active | Days on site: 94
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61053 - 3137145
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House Description

Exceptional Delaware River Waterfront Development Opportunity 55-57, 61 & 63 Saint Mihiel Drive |Delran, 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 Delran, 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.

Highlights

Listed by Dawn Varallo , 8563817884 BHHS Fox & Roach-Marlton , 8568105300. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.75

Year Built

1940

County

Burlington

Area

Delran Twp (20310)

School District

Delran Township Public Schools

Listing ID

NJBL2116842

Questions about this listing?

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:294.00 x 111.00
Garage Capacity:100
Zoning:H - HARBOR DISTRICT
Sewer:Public Sewer
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$37,530
Taxes
$1,123

Home Price

$6,950,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$1,390,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$37,530.08

Principal

Taxes

Principal Taxes HOA Total
Monthly $37,530.08 $1,123.33 $0.00 $38,653.41
Yearly $450,360.95 $13,480.00 $0.00 $463,840.95
Total $13,510,828.59 $404,400.00 $0.00 $13,915,228.59
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Delran, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS