3 Watervliet Avenue Ext, Albany, NY - Hotel-Motel For Sale
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).
Property Details
- Sale/Lease: Sale
- MLS#: 202600263
- Major Use: Hotel-Motel
- Subuse: Hotel
- Available: 115,304 +/-SF
- Price: $8,000,000
The data relating to real estate for sale/lease on this website comes in part from the Internet Data Exchange Program of Commercial and Industrial Real Estate Brokers. Commercial and Industrial Real Estate Brokers deems information reliable but not guaranteed. This listing courtesy of Carrow Real Estate Services, (518) 462-7491. Information should be considered reliable but is not guaranteed.
