Back Delaware Avenue
Off Market

Delaware Avenue

Penns Grove NJ 08069

609840 sq. ft.
Land
Last sold for $70,000
Matthew HavilandMatthew Haviland, last sold this property on 09 October 2026 after 932 days on market.

Overview

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.

Features

609840 sq. ft. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Penns Grove over the last 12 months, the estimated median property value of Delaware Avenue is $35k.

Median value
$35k
Estimated value range
$10k - $395k
Median days on market
130
Estimated value trend
27%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Penns Grove. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for Delaware Avenue

2026
Sold
$70,000
09 Oct 2026 by Matthew Haviland, of Keller Williams Realty - Atlantic Shore

Happy sellers in Penns Grove

89%
89% of sellers in Penns Grove reported that their sale price either exceeded or met their price expectations.

Penns Grove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Penns Grove over the last 12 months.

Local market activity for land plots in Penns Grove

In the last 12 months, 8 land plots similar to Delaware Avenue, have been sold.

This represents a 28% decrease in land plots sales when compared to the previous 12 months.

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