421 Ridge Street
29,400 SF Office - Multifamily conversion opportunity
Marketing description
29,400 SF three-story office building that underwent a complete rehabilitation between 2007 and 2011 is available for purchase or lease.
This property is well-suited for a conversion to multifamily residential as it sits at the edge of a neighborhood of single family homes.
Improvements from the rehab included four new boilers, rooftop AC units, windows, sprinkler, fire safety system, 1200 amp electrical service, and repaving of the parking lot
Investment highlights
New 60mil TPO roof system with 3” poly ISO insulation installed in 2021; warranty valid through 2041
Parking for 83 cars
Approx. 0.5 mi. to grocers Aldi and Grand Union Supermarket along with numerous retailers and fast food locations
4 mi. from Griffiss International Airport/Griffiss Business and Technology Park
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