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Listed by Amber Hensley • Carrow Real Estate Services LLC

$ 8,000,000

Est. payment -/mo

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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

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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