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1018 Railroad Ave Newport, NJ 08345

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For Sale
$950,000

67.86 Acres, Lake Access, Investment Potential

Property size:
400 SF

Property Features for 1018 Railroad Ave

General Information

Property type
Other commercial real estate
Square Feet
400 SF
Lot Size
2,955,982 SF

Building Details

Year Built
1980

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Listing Contact
Caitlyn Macrie

Listing Agency: Crowley & Carr, Inc. Listing Agent: Caitlyn Macrie

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Daycare Center Big Box & Wholesale Store Auto Repair Shop Fish Market

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Newport
County
Cumberland
State
New Jersey
Longitude
-75.12621
Latitude
39.31012

FAQs

What type of property is this?
Commercial real estate - 67.86 Acres, Lake Access, Investment Potential
Where is this commercial real estate located?
The property is located at 1018 Railroad Ave Newport, NJ.
What is the asking price?
The asking price for this property is $950,000.
More about this property
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