• Excellent Development Site

• Location: Convenient to MorristownTrain Station, Route 287, 124

• Tract Size: 2.5 acres

• Zoning: RA15

• Asking Price: $2,900,000

Land For Sale383 South Street, Morris Township, NJ 07960

CommercialBrokerage, Inc..

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ 07950 • 973-267-7778 • weichertcommercial.com

Clayton BrownSenior Vice PresidentOffice: 973-267-7778

Cell: 908-800-1185cbrown@weichertcommercial.com

Barbara IsmailSenior Vice PresidentOffice: 973-267-7778

Cell: 973-462-5971bismail@weichertcommercial.com

383 South Street, Morris Township, NJ

Tax Map

CommercialBrokerage, Inc..

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ 07950 • 973-267-7778 • weichertcommercial.com

383 South Street, Morris Township, NJ

Demographics

CommercialBrokerage, Inc..

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ 07950 • 973-267-7778 • weichertcommercial.com

Executive Summary383 South St, Morristown, New Jersey, 07960 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 40.78013

Longitude: -74.46738

1 mile 3 miles 5 milesPopulation

2000 Population 9,289 49,414 100,9812010 Population 9,057 50,534 106,7132017 Population 9,573 52,690 110,1702022 Population 9,853 53,867 112,2592000-2010 Annual Rate -0.25% 0.22% 0.55%2010-2017 Annual Rate 0.77% 0.58% 0.44%2017-2022 Annual Rate 0.58% 0.44% 0.38%2017 Male Population 47.6% 49.3% 48.7%2017 Female Population 52.4% 50.7% 51.3%2017 Median Age 44.9 39.1 41.8

In the identified area, the current year population is 110,170. In 2010, the Census count in the area was 106,713. The rate of change since 2010 was 0.44% annually. The five-year projection for the population in the area is 112,259 representing a change of 0.38% annually from 2017 to 2022. Currently, the population is 48.7% male and 51.3% female.

Median Age

The median age in this area is 44.9, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 79.0% 73.9% 78.4%2017 Black Alone 6.9% 8.8% 5.6%2017 American Indian/Alaska Native Alone 0.2% 0.3% 0.2%2017 Asian Alone 8.3% 6.1% 8.5%2017 Pacific Islander Alone 0.1% 0.1% 0.0%2017 Other Race 3.0% 7.8% 4.6%2017 Two or More Races 2.5% 3.1% 2.6%2017 Hispanic Origin (Any Race) 12.7% 20.5% 13.4%

Persons of Hispanic origin represent 13.4% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 52.0 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 4,227 18,019 36,7992010 Households 4,075 18,432 39,2532017 Total Households 4,273 19,174 40,3542022 Total Households 4,385 19,585 41,0402000-2010 Annual Rate -0.37% 0.23% 0.65%2010-2017 Annual Rate 0.66% 0.55% 0.38%2017-2022 Annual Rate 0.52% 0.43% 0.34%2017 Average Household Size 2.14 2.51 2.59

The household count in this area has changed from 39,253 in 2010 to 40,354 in the current year, a change of 0.38% annually. The five-year projection of households is 41,040, a change of 0.34% annually from the current year total. Average household size is currently 2.59, compared to 2.57 in the year 2010. The number of families in the current year is 26,876 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

April 03, 2018

©2018 Esri Page 1 of 2

383 South Street, Morris Township, NJ

Demographics

CommercialBrokerage, Inc..

No warranty or representation, express or implied is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice and to any special listing conditions imposed by our principals.

225 Littleton Road • Morris Plains, NJ 07950 • 973-267-7778 • weichertcommercial.com

Executive Summary383 South St, Morristown, New Jersey, 07960 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 40.78013

Longitude: -74.46738

1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $95,698 $101,210 $116,2012022 Median Household Income $112,056 $115,052 $129,5422017-2022 Annual Rate 3.21% 2.60% 2.20%

Average Household Income

2017 Average Household Income $150,884 $151,149 $166,2072022 Average Household Income $173,518 $171,900 $186,0752017-2022 Annual Rate 2.83% 2.61% 2.28%

Per Capita Income2017 Per Capita Income $68,065 $58,234 $63,0272022 Per Capita Income $77,574 $65,695 $70,1682017-2022 Annual Rate 2.65% 2.44% 2.17%

Households by IncomeCurrent median household income is $116,201 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $129,542 in five years, compared to $62,316 for all U.S. households

Current average household income is $166,207 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $186,075 in five years, compared to $91,585 for all U.S. households

Current per capita income is $63,027 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $70,168 in five years, compared to $34,828 for all U.S. households

Housing2000 Total Housing Units 4,355 18,693 37,855

2000 Owner Occupied Housing Units 2,670 11,492 27,3612000 Renter Occupied Housing Units 1,558 6,527 9,4382000 Vacant Housing Units 127 674 1,056

2010 Total Housing Units 4,332 19,788 41,5842010 Owner Occupied Housing Units 2,563 11,412 27,8072010 Renter Occupied Housing Units 1,512 7,020 11,4462010 Vacant Housing Units 257 1,356 2,331

2017 Total Housing Units 4,506 20,478 42,8092017 Owner Occupied Housing Units 2,568 11,239 27,2702017 Renter Occupied Housing Units 1,705 7,934 13,0842017 Vacant Housing Units 233 1,304 2,455

2022 Total Housing Units 4,632 20,942 43,6972022 Owner Occupied Housing Units 2,628 11,421 27,6272022 Renter Occupied Housing Units 1,757 8,164 13,4132022 Vacant Housing Units 247 1,357 2,657

Currently, 63.7% of the 42,809 housing units in the area are owner occupied; 30.6%, renter occupied; and 5.7% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 41,584 housing units in the area - 66.9% owner occupied, 27.5% renter occupied, and 5.6% vacant. The annual rate of change in housing units since 2010 is 1.30%. Median home value in the area is $588,003, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 1.13% annually to $621,847.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

April 03, 2018

©2018 Esri Page 2 of 2