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    1018 Railroad Ave Newport, NJ 08345

    For Sale
    $950,000

    67.86 Acres, Lake Access, Investment Potential

    Property size:
    400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    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 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
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

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

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    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.
    (609) 561-0505
    Request Owner's contact information
    1018 Railroad Ave Newport, NJ 08345
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    Newport, NJ 08345
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1018 Railroad Ave Newport, NJ 08345
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