Business For Sale - Active

1606 Central Av Colonie, NY 12205

$5,086,000
  • Commercial
  • MLS # 202121392
Listing Provided By: Cherko Fusco Realty Bryce Cherko518-847-9138

Contact Daniel Davies

Contact Daniel Davies

NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net

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Property Details

  • Acres: 3.2
  • Town: Colonie
  • Property Type: Commercial
  • Estimated Taxes: $61,000
  • Water: Public
  • Sewer: Public
  • County: Albany
  • Present Use: Apartment Plus, Hotel, Motel
  • Parking Spaces: Paved

Remarks

The Days Inn Albany is a phenomenal investment opportunity for any investor or owner-operator.? The property consists of three separate buildings.? The first building to the left is outdoor rooms and has a lobby inside, as well as laundry & vending machines.? The building to the right is a restaurant and is a triple net lease.? The building in the back is 3 stories of a hotel room.? These rooms are suites, and the building has a breakfast area, banquet hall, pool, laundry, and vending machines.? Each building was renovated in 2018.? Due to the pandemic, the hotel was forced to close its pool, banquet hall, and breakfast bar.? Prior to the pandemic, the hotel found lots of success hosting events and accommodating guests with reasonably priced, yet very nice, suites.? While many investors/

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