1018 Railroad AveNewport, NJ 08345

For Sale
$950,000

67.86 Acres, Lake Access, Investment Potential

Overview

Added:
Feb 3
Days on market:
39
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.

Property Details for 1018 Railroad Ave

Property type
Other commercial real estate
Square Feet
400 SF
Year Built
1980
Lot Size (sq. ft)
2,955,982 SF

Location Insight

City
Newport
County
Cumberland
State
New Jersey
Latitude
39.31012
Longitude
-75.12621
1018 Railroad Ave, Newport, New Jersey

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1018 Railroad Ave
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