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1949 Troutman St
Ridgewood, NY 11385
Retail Property For Sale
Investment Highlights
- Two-story building with cellar totaling 12,586 SF of versatile space.
- Located in a designated Industrial Business Zone with M1-1 zoning.
- Easy access to BQE, Long Island Expressway, and multiple transit options.
- Delivered vacant, offering immediate redevelopment potential.
- Positioned on a visible Ridgewood corner within a cultural growth area.
- High Walk Score of 90 supports strong connectivity and foot traffic.
Executive Summary
Ariel Property Advisors is pleased to present 19-49 Troutman Street, a rare opportunity to acquire a 12,586-square-foot multi-story building with M1-1 zoning situated at a high-visibility corner in Ridgewood, an area experiencing rapid growth driven by a burgeoning nightlife and music venue scene.
Two stories plus a cellar, totaling approximately 8,400 square feet of above-grade space and 4,186 square feet of cellar space.
The asset will be delivered entirely vacant, providing an opportunity for hospitality investors, music venue operators, or creative space users looking to establish a flagship presence.
Zoned M1-1 within an Industrial Business Zone, the property supports a wide range of light industrial and commercial uses, further enhanced by its status as a "Miscellaneous Warehouse (E9)" property class.
Located in a high-demand area with a Walk Score of 90, the asset benefits from close proximity to major transportation hubs, including a 10-minute drive to the BQE and Long Island Expressway.
Two stories plus a cellar, totaling approximately 8,400 square feet of above-grade space and 4,186 square feet of cellar space.
The asset will be delivered entirely vacant, providing an opportunity for hospitality investors, music venue operators, or creative space users looking to establish a flagship presence.
Zoned M1-1 within an Industrial Business Zone, the property supports a wide range of light industrial and commercial uses, further enhanced by its status as a "Miscellaneous Warehouse (E9)" property class.
Located in a high-demand area with a Walk Score of 90, the asset benefits from close proximity to major transportation hubs, including a 10-minute drive to the BQE and Long Island Expressway.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,586 SF
Building Class
C
Year Built
1930
Price
$4,865,945 CAD
Price Per SF
$386.62 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.26
Lot Size
0.23 AC
Zoning
M1-1 - Light industrial with offices, hotels, and most retail uses permitted
Frontage
Amenities
- Bus Line
Property Taxes
| Parcel Number | 03376-0024 | Improvements Assessment | $683,554 CAD |
| Land Assessment | $52,552 CAD | Total Assessment | $736,106 CAD |
Property Taxes
Parcel Number
03376-0024
Land Assessment
$52,552 CAD
Improvements Assessment
$683,554 CAD
Total Assessment
$736,106 CAD
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