Rehabilitated Office Building Multifamily
For Lease
Contact for pricing
421 Ridge Street, Rome, NY 13440
Three-story office building suitable for multifamily conversion.
Space SizeContact for details
Days on Market149
Property Features for 421 Ridge Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
CBRE | Syracuse
(315) 530-0931
Listed By:
Martin Dowd · License #Licensed Associate Real Estate Broker
Source:
Cbre
Added: Mar 25
Changed: Aug 19
Last Checked: Aug 20 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Syracuse
Investment Insights
Based on property information with market context.
This 29,400 square foot, three-story office building underwent a complete rehabilitation between 2007 and 2011. The property is well-suited for a conversion to multifamily residential use, as it is located at the edge of a neighborhood of single-family homes. Improvements from the rehabilitation include four new boilers, rooftop AC units, windows, a sprinkler system, a fire safety system, 1200 amp electrical service, and repaving of the parking lot. In 2021, a new 60mil TPO roof system with a 20-year warranty was installed. The property is located approximately 0.5 miles from Aldi and Grand Union Supermarket, along with numerous retailers and fast food locations, and is situated 4 miles from Griffiss International Airport and Griffiss Business and Technology Park.
Key Highlights
- Well‑suited for conversion to multifamily residential.
- Complete rehabilitation between 2007 and 2011.
- New 60mil TPO roof system installed in 2021 with a 20‑year warranty.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building suitable for multifamily conversion.
Where is this office building located?
The property is located at 421 Ridge Street Rome, NY.
What are key features of this property?
This property features: Well‑suited for conversion to multifamily residential.; Complete rehabilitation between 2007 and 2011.; New 60mil TPO roof system installed in 2021 with a 20‑year warranty.
