NY > Colonie
Colonie, NY 12206,3 Watervliet Ave Ext
Colonie, NY 12206,3 Watervliet Ave Ext
Colonie, NY 12206,3 Watervliet Ave Ext
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$8,499,999
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5.4 Acres Lot
New

3 Watervliet Ave Ext Colonie, NY 12206

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London Foster

London Foster

+1(305) 766-7993

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID 946344

Rental Info No

Year Built 1972

Annual Tax Amount $226,143

Lot Size 5.400 Acres

Acres 5.4

Property Sub-Type Hotel/Motel

Source onekey2

Property Description

Albany Plaza is a fully operational, independently run full-service hotel comprising 215 guest rooms situated on a 5.40-acre site at 3 Watervliet Avenue Extension, Albany, NY. The property contains approximately 115,304 square feet, consisting of a 9-story main tower and a 2-story rear building, supported by a surface parking lot with over 300 parking spaces.
The hotel is currently operated independently (non-franchised), providing immediate operational continuity while also allowing flexibility for rebranding, soft-brand affiliation, or continued independent ownership, subject to buyer preference.
Strategically positioned with convenient access to Interstate 90, the property is minutes from Downtown Albany, the New York State Capitol, University at Albany (SUNY), major medical centers, and regional employment centers, offering strong accessibility and visibility.
Existing improvements include meeting and event space, restaurant and bar areas, indoor and outdoor pools, fitness center, business center, elevators, and additional ancillary facilities. Zoned C-2 Highway Business, the site offers potential for continued hospitality use or alternative commercial or institutional uses, subject to zoning and required approvals.
The property is non-union and offered as-is. Tours by appointment only. Do not disturb on-site operations or staff. Additional information available upon request to qualified parties.

Location

State NY

County Albany County

Interior

Heating Ducts, Heat Pump

Cooling Ductwork

Flooring Carpet, Ceramic Tile

Fireplace No

Appliance Convection Oven, Cooktop, Dishwasher, Dryer, Electric Oven, Exhaust Fan, Freezer, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator, Stainless Steel Appliance(s)

Exterior

Parking Features Parking Lot, Private

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Private, Water Connected

Total Parking Spaces 300

Building

Story 9

Foundation Other, Block, Slab

Sewer Public Sewer

Water Public

Structure Type Block,Other

Others

Special Listing Condition None

Virtual Tour https://unbranded.youriguide.com/3_watervliet_ave_ext_albany_ny/

Listed by B2B Real Estate Group Inc • Roni Cohen

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London Foster

London Foster

Broker | License ID: 0705018

+1(305) 766-7993

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3 Watervliet Ave Ext