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3 Watervliet Avenue Ext, Albany, NY 12206

$8,000,000.00
  • 3 Watervliet Avenue Ext, Albany, NY 12206 Main Photo

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New to the Market Active
SQUARE FEET115,304 MLS#202600263
STATUSActive PROPERTY TYPECommercial - Retail

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).

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Home Style: Hotel-Motel
Lot Size: 5.4 Acres
Roof Type: Rubber
Stories: 9.0
Taxes: $185,350
Year Built: 1972

Feature Descriptions

# Of Elevators: 2
Building Ceiling Height: 8
Current Use: Hotel
Days on Site: 6
Elevator: Passenger
Exterior: Brick, Steel Frame
General Taxes: 276505.68
Lot Dimensions: 0
Parking: Off Street, Parking Lot
Parking Spaces: 300
possible Use: Apartment Plus, Investment, Self-Storage Facility, Subdividable, Outside Storage, School Building, Medical/Dental, Multi-Family, Warehouse, Tavern, Shopping Center, Restaurant, Retail, Office/Warehouse, Office/Retail, Office Plus, Office, Mixed Use, Motel, Manufacturing, Lan
Sewer: Public Sewer
Sprinklers: Yes
SQFT Building Available: 115304
SQFT Office Available: 115305
SQFT Retail Available: 115305
SQFT Warehouse Available: 115305
Units: 215
Water: Public

Listed By / Shown By

Listing By

Agency Name: Carrow Real Estate Services
Agency Phone: (518) 462-7491

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