1018 Railroad Ave Newport, NJ 08345
- Commercial real estate
- 400 SF
- 67.86 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1018 Railroad Ave
- Year built
- 1980
- Lot size
- 67.86 lot acres
- Property size
- 400 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.1262
- Latitude
- 39.3101
