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Rehabilitated Flex/Industrial Property
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421 Ridge St, Rome, NY 13440

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

Property Size29,400 SF
Days on Market546

Property Features for 421 Ridge St

General Information

Standard status Active
Size 29,400 SF
Property subtype INDUSTRIAL

Building Details

Year Renovated 2011
Listing Agency: CBRE | Syracuse
Listed By: Martin (Marty) Dowd · License #NY 10301203316
Source: Moodyscre
Added: May 9, 2025 Changed: Oct 26 Last Checked: Nov 4 at 3:30PM

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

Rey
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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

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Rome Research Corporation Research Foundation

Suggested Use

Top Pick Electrical Service Real Estate Agency Parking Lot & Garage Carpet & Flooring Store Furniture & Home Goods 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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Similar Off Market Nearby

  • Scotty's Jump N Fun Party — 328 Ridge St, Rome, NY 13440

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
(315) 530-0931 Call to check price and availability
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