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Listed by Amber Hensley • Carrow Real Estate Services LLC
$ 8,000,000
Est. payment /mo
Active
3 Watervliet Avenue Extension Albany, NY 12206
115,304 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Active
Purchase Type For Sale
Square Footage 115,304 sqft
Price per Sqft $69
MLS Listing ID 202613486
HOA Y/N No
Year Built 1972
Annual Tax Amount $185,350
Lot Size 5.400 Acres
Acres 5.4
Lot Dimensions 235224
Property Sub-Type Hotel-Motel
Source Global MLS
Property Description
Albany Plaza: +/-115,305 SF, 215-key economy hotel on +/-5.40 acres directly off I-90 (Everett Rd Exit 5) with 90,124 AADT and exceptional visibility. 9-story, fully sprinklered asset with 2 elevators and 300 parking spaces. Built 1972, renovated 2016. Features full-service restaurant & bar, 10,000+ SF meeting/event space, indoor & outdoor pools. Zoned MU-CH (Community Highway) offering significant repositioning or redevelopment potential. Former Ramada, now independently operated, non-union. Rare value-add hospitality opportunity offered at $8,000,000 ($69.38 PSF / $37,209 per key).
Location
State NY
County Albany
Zoning Commercial
Direction Located immediately off I-90 Everett Road Exit 5 on/off Ramp
Interior
Heating Other
Exterior
Pool In Ground, Indoor, Outdoor Pool
Roof Type Rubber
Building
Lot Description Road Frontage
Sewer Public Sewer
Water Public
Others
Tax ID 010100 53.76-1-3
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