Office + Parking Lot | Warehouse Zoned (M-2) 429 Getty Ave

429 Getty Avenue is the perfect open-ended opportunity for investors and owners/users looking for space in New Jersey. Built in 1954 and renovated in 1990, this well-maintained asset provides an easy transition to new ownership. The well-appointed property has 13,200 square feet spread across two stories. The simple brick façade has the potential for building signage on multiple sides, allowing local and national businesses to make their mark in this locale. Perched on 0.35 acres, the lot comes with 25 surface spaces that are perfect for employees and visitors. There is additional ample street parking available on the streets surrounding the office. Once inside, visitors and tenants are greeted with a two-story atrium-style lobby. The broad M-2 zoning allows for many potential uses of this asset. The purpose and intent of the M-2 General Industrial and Commercial Zoning District in New Jersey is to provide for the types of light industrial manufacturing facilities, offices, automotive-related enterprises, truck terminals, and warehousing operations.

The Route 3/GSP Office Submarket is an excellent place for investors and owners/users to enter. The submarket contains 3.6 million square feet of inventory, with approximately 250,000 square feet of space listed as available. Average rents are lower than the market average and have changed by 0.7% since last year.

As a part of the New York Office Market, this asset benefits from this economy. New York City's economic outlook continues to inch forward, with 53,000 private sector jobs added in the past year, according to the latest June 2024 jobs report. The New York metro area still has advantages over most global cities. More than 20 million people reside in the area, and many remain attracted to the world-class universities, cultural institutions, and countless headquarters for multinational corporations located here. This presence has contributed to a GDP of more than $2 trillion, which is the largest in the world, according to Oxford Economics. New York City's retail, dining, and hospitality sectors have improved over the past year as visitor foot traffic continues to trend upward. The New York City Economic Development Corporation reported the city recently saw the highest rate of business growth over the past five years, with retailers continuing to take advantage of what has become both a more tenant-favorable market and a business-friendly environment.

The town of Clifton is an excellent place for business especially at the location of 429 Getty Avenue. This location is highly accessible via major roadways, Garden State Parkway, Route 46, and Interstate 80. There are many retailers and local conveniences close by, including Dollar General, Aldi, Dollar Tree, Walgreens, The UPS Store, Burger King, and many more. The population within a 10-mile radius of the property has a high average household income of over $114,000 per year. In this same radius, more than 800,000 employees work across several industries.

429 Getty Avenue presents the perfect opportunity to acquire a vacant office with many potential uses.

Property tours are available by appointment only. Please contact the listing broker to schedule.
Property Address: 429 Getty Ave, Clifton, NJ 07011-2123; 48 Park Slope, Clifton, NJ 07011-2130