Building Details

Year Renovated 2011

Listing Agency: CBRE | Syracuse Show Phone

Listed By: Martin (Marty) Dowd Show Phone

Source: Moodyscre

Added: May 9, 2025 Changed: Aug 10 Last Checked: Sep 9 at 11:33AM

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Investment Insights

Based on property information with market context.

This rehabilitated flex and industrial property underwent complete rehabilitation between 2007 and 2011. The building is currently described as well-suited for conversion to multifamily residential, making it relevant for buyers looking for an adaptive reuse project.

The property is located about 4 miles from Griffiss International Airport and the Griffiss Business and Technology Park.

With a listed size of 29,400 square feet, the asset offers a substantial enclosed footprint for an owner considering a residential conversion based on its prior rehabilitation history.

Key Highlights

• Complete rehabilitation completed between 2007 and 2011
• Flex and industrial building that is well‑suited for conversion to multifamily residential
• Located about 4 mi from Griffiss International Airport and Griffiss Business and Technology Park

Property Analytics

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Current Use

Rome Research Corporation Research Foundation

Suggested Use

Top Pick Electrical Service Real Estate Agency Computer & Electronic Repair Parking Lot & Garage Carpet & Flooring Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

664

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 13440, NY

41,024

Population

19,286

Households

2.1

Avg Household Size

42

Median Age

23%

College-Educated

88%

High-School Grad

116.5 sq mi

ZIP Area

352

Density / Sq Mi

$65,497

Median Household Income

$43,747

Median Earnings

$863

Median Rent

$155,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Rehabilitated flex and industrial building suited for conversion to multifamily residential.

Where is this flex space located?

The property is located at 421 Ridge St Rome, NY.

What are key features of this property?

This property features: Complete rehabilitation completed between 2007 and 2011; Flex and industrial building that is well‑suited for conversion to multifamily residential; Located about 4 mi from Griffiss International Airport and Griffiss Business and Technology Park