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    Morris Plains, NJ
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    Morris Plains, NJ Residential Land & Home Lots for Sale

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    Prime Development Opportunity in Morristown
    Updated: Jan 30
    Prime Development Opportunity in Morristown

    Morris Plains, NJ 07950

    $899,900
    Prime 5.25‑acre development opportunity in a highly desirable location.
    Immediate access to major highways, shopping, dining, and NYC transportation via Route 10.
    Versatile layout supports various development concepts (residential, townhomes, multi‑unit, mixed‑use - subject to approvals).
    Strong surrounding demographics and high demand for quality housing.
    Front third of the property contains wetlands, offering natural privacy and scenic buffers.
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    Development Land with Wetlands Area
    Updated: Nov 24, 2025
    Development Land with Wetlands Area

    739 Mountain Way, Morris Plains, NJ 07950

    $899,900
    5.25‑acre development parcel with some wetlands located in the front third of the property
    Just off Route 10, offering immediate access to major highways and NYC transportation
    Land layout extends deep into the lot, supporting thoughtful, well‑designed development concepts
    Potential for residential homes, townhomes, multi‑unit housing, or mixed‑use concept (subject to approvals)
    Short_description: 5.25‑acre development parcel with wetlands in the front third and access just off Route 10
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Morris Plains, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Land in Denville Township
    Residential Land in Denville Township

    44 Shongum Rd, Denville, NJ 07834

    $229,000
    6.70 AC lot

    6.7 acre residential land for sale in Denville Township.

    View details
    Residential Land in Butterworth Farms
    Residential Land in Butterworth Farms

    Morristown, NJ 07960

    $450,000
    4.70 AC lot

    Subdividable land in Morris Township, close to amenities.

    View details
    Residential Land in Butterworth Farms
    Residential Land in Butterworth Farms

    Morristown, NJ 07960

    $350,000
    0.69 AC lot

    Subdividable residential land in Morris Township's Butterworth Farms neighborhood.

    View details
    Residential Land Site For Sale
    Residential Land Site For Sale

    9 Horizon Dr, Denville, NJ

    Contact for pricing
    17.46 AC lot

    17.46 acre land site suited for development.

    View details

    Morris Plains, NJ Residential Land & Home Lots Market Trends and Statistics

    Explore 2 residential land & home lots for sale in Morris Plains, NJ on our real estate platform.

    Sale prices for home sites in Morris Plains, NJ average $899,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 4
    Residential land & home lots 2

    Demographics Overview

    Population 22K
    Population Growth (5Y) +12.7%
    Median Household Income $148,469
    College Educated 96.6%

    High-Yield Neighborhoods for Investment

    Identify Morris Plains submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07950 $899.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.77%
    Property Tax per SF $29.75 per SF
    Tax Rate vs County Average 0.25 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morris County

    New Delisted

    Total CRE Inventory on Market (SF)

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