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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)
| DAYS ON MARKET | 962 | LAST UPDATED | 9/29/2026 |
|---|---|---|---|
| YEAR BUILT | 1960 | COMMUNITY | Riverside Twp (20330) |
| COUNTY | BURLINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | RIVERSIDE TOWNSHIP PUBLIC SCHOOLS |
|---|
| PRICE HISTORY | |
| Prior to Sep 21, '26 | $434,999 |
|---|---|
| Sep 21, '26 - Sep 29, '26 | $424,999 |
| Sep 29, '26 - Today | $419,999 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Riverside Twp (20330) |
| CONSTRUCTION | Block |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.34 acre(s) |
| LOT DIMENSIONS | 99.10 x 150.00 |
| PARKING | Parking Lot |
| TAXES | 3023 |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | See Josh for all uses. |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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