421 Ridge St, Rome, NY 13440
For Lease
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This exceptional three-story office building, located at 421 Ridge Street in Rome, New York, presents a unique investment or leasing opportunity. The 29,400 square foot building, situated on a one-acre lot, boasts a desirable Traditional Office, Medical Office, and Executive Office configuration. Completely renovated between 2007 and 2011, the property features significant upgrades including four new boilers, a state-of-the-art rooftop AC system, updated windows, a comprehensive sprinkler and fire safety system, and a robust 1200 amp electrical service. The extensive renovation also included repaving of the ample 83-space parking lot. Built in 1930 and meticulously maintained, this Class B building offers a blend of historical charm and modern functionality. The entire building is currently vacant, providing a blank canvas for a single tenant to customize the space to their exact needs. The property's convenient location, near the intersection of Ridge Street and S. Jay Street, offers excellent visibility and accessibility. The APN is 242.000-001-007.0030000. This is an unparalleled opportunity to acquire a fully renovated, sizable office building in a thriving New York community. The property is available for both purchase and lease.
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Rome Research Corporation Engineer Research Foundation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Rome, NYRome. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.