3 Watervliet Avenue Extension

$8,000,000
Business For Sale - Active
  • Commercial
  • MLS # 202613486
Listing Provided By: Carrow Real Estate Services LLC Amber Hensley518-788-7206

Property Details

  • Acres: 5.4
  • Building Area: 115,304
  • Town: Albany
  • Property Type: Commercial
  • Estimated Taxes: $185,351
  • Water: Public
  • Sewer: Public Sewer
  • Heat: Other
  • Exterior: Steel Beam, Brick
  • County: Albany
  • Cooling: Central Air
  • Parking Spaces: 300
  • Zoning: Commercial
  • Available SqFt: 115,304

Remarks

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).

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Contact an Agent

Contact Daniel Davies

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

Contact Daniel Davies

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

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