$8,000,000
Albany, NY 12206
MLS# 202613486
115304 sqft
1 / 53
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).
Details
Maps
Contract Information
Original List Price: 8000000
Lease Considered: No
List Price/SqFt: 69.38
List Price/Acres: 1481481.48
Status: Active
Property Sub Type: Hotel-Motel
List Price: $8,000,000
Listing Contract Date: 2026-03-18
Current Price: $8,000,000
Location
City/Town (Mail): Albany
Street Number: 3
Street Name: Watervliet Avenue
Street Suffix: Extension
County: Albany
State/Province: NY
Postal Code: 12206
Geo Lat: 42.680862
Geo Lon: -73.783317
Property Detail
Stories: 9
Number Of Buildings: 2
Parking Y/N: Yes
Lot Size Square Feet: 235224
Zoning: Commercial
Lot Size Dimensions: 235224
Lot Size Acres: 5.4
Building Area Total: 115304
Building Available SQFT: 115304
Waterfront Y/N: No
Year Built: 1972
Parcel, Tax, HOA
Parcel Number: 010100 53.76-1-3
Tax Annual Amount: 185350.59
Tax Section: 53.76
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 3.000
Association Y/N: No
Directions & Remarks
Directions: Located immediately off I-90 Everett Road Exit 5 on/off Ramp
Public 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).
Sewer
Public Sewer: 1
Association Amenities
None: 1
Current Use
Hotel: 1
Architectural Style
Hotel: 1
Cooling
Central Air: 1
Lot Features
Road Frontage: 1
Building Detail
Fire Sprinkler System Y/N: Yes
Elevator #: 2
Elevator Description: Passenger
Construction Materials
Brick: 1
Steel Beam: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Showing Requirements
Call Listing Agent: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Other: 1
Parking Features
Parking Total: 300
Pool Features
In Ground: 1
Indoor: 1
Outdoor Pool: 1
Possible Use
Apartment Plus: 1
Business: 1
Hotel/Motel: 1
Industrial: 1
Land: 1
Manufacturing: 1
Mixed: 1
Office: 1
Office/Retail: 1
Office/Warehouse: 1
Restaurant: 1
Retail: 1
Shopping Center: 1
Tavern: 1
Warehouse: 1
Investment: 1
Medical/Dental: 1
Multi-Family: 1
School Building: 1
Self-Storage Facility: 1
Subdividable: 1
Status Change Info
Status Change Date: 2026-03-18
Property Features
Architectural Style: Hotel
Association Amenities: None
Construction Materials: Brick; Steel Beam
Cooling: Central Air
Current Use: Hotel
Heating: Other
Lot Features: Road Frontage
Pool Features: In Ground; Indoor; Outdoor Pool
Possession: At Closing
Possible Use: Apartment Plus; Business; Hotel/Motel; Industrial; Land; Manufacturing; Mixed; Office; Office/Retail; Office/Warehouse; Restaurant; Retail; Shopping Center; Tavern; Warehouse; Investment; Medical/Dental; Multi-Family; School Building; Self-Storage Facility; Subdividable
Roof: Rubber
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Water Source: Public
Listing Courtesy of Carrow Real Estate Services LLC
Listing Agent: Amber Hensley
518-788-7206 | amber@carrowrealestateservices.com
518-788-7206 | amber@carrowrealestateservices.com
