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This exceptional investment opportunity encompasses a substantial 67.86-acre parcel located at 1018 Railroad Avenue, Newport, NJ. The property, previously utilized as a sand mining pit, presents a unique blend of industrial and recreational potential. The site includes a small building situated conveniently at the roadside, providing immediate utility. A significant advantage is the access to a 600-acre lake, with the property enjoying approximately 6 acres of lakefront enjoyment. This expansive acreage is comprised of multiple contiguous lots (Block 23, Lots 103, 104, 106, 107, 108, 109, 110, 117, 118, 119, 120, and 171), all of which are being sold together as a single, cohesive unit. The combined approximate property tax assessment for 2022 was $14,945.19. The 400 square foot building offers existing infrastructure, while the vast acreage presents significant development possibilities. This property is ideally suited for a variety of uses, making it an attractive investment for discerning buyers seeking a large-scale project with unique features. The combination of land, lake access, and existing structure creates a compelling opportunity for both industrial and recreational development. Serious inquiries only.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.