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3 Watervliet Avenue Extension

Albany, NY 12206

Active

$8,000,000

Listing by:
Amber Hensley
Carrow Real Estate Services LLC
518-788-7206

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).

$8,000,000
0.0
Bedroom
0
Bathroom
115,304
Sq. Ft.
$ 69
$/Sq. Ft.
5.40
Acres
Year Built:
1972
County:
Albany
Acres:
5.40
Listing Agent:
Amber Hensley
Listing Office:
Carrow Real Estate Services LLC
CONTACT A
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Features

Available Square Feet: 115,304
Town: Albany
Bedrooms: 0
Full Bathrooms: 0
Estimated Taxes: $185,351
Water: Public
Sewer: Public Sewer
Heat: Other
Garage: 0
Exterior: Steel Beam, Brick
Cooling: Central Air
Parking Spaces: 300
Zoning: Commercial

Location



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