W Main Street And Delaware Ave, Penns Grove, NJ 08069

Property Description

MAJOR PRICE REPOSITIONING – RIVERWALK AT PENNS GROVE A rare opportunity to acquire approximately 14+ acres of waterfront development land along the Delaware River at dramatically repositioned pricing. Formerly envisioned as part of the Riverwalk concept, this assemblage offers significant potential for residential, mixed-use, commercial, hospitality, senior housing, waterfront recreation, or other redevelopment opportunities, subject to approvals. There are approximately 14+ acres all together. Block 57 Lot 1 is the main riverfront parcel. The site is currently zoned for commercial development. Riparian rights are included. The Philadelphia-Wilmington-Atlantic City consolidated metropolitan statistical area has approximately Four million people within a 30-mile radius of the site. The Riverwalk is located within two miles of Interstate 295 and is accessible from the Delaware Memorial Bridge, Commodore Barry Bridge, I-95 and the New Jersey Turnpike. It is reachable in 35 minutes from Philadelphia, 30 minutes from the Main Line, 15 minutes from Wilmington and 20 minutes from Newark, DE. Buyer responsible for all due diligence, zoning, environmental investigations, approvals, utilities, and feasibility studies.