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Property at 3 Watervliet Avenue Extension, Albany, NY 12206
ACTIVE
0
$8,000,000

3 Watervliet Avenue ExtensionAlbany, NY, 12206

115,304 SqFt5.4 Acres
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).
1 / 53

Est. Monthly

$37,920/MO

$8,000,000

3 Watervliet Avenue Extension, Albany, NY

115,304 SqFt5.4 Acres

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).

StatusActive
Property TypeCommercial Sale
Property SubtypeHotel/Motel
Year Built1972
Days on Market88 days

Est. Monthly Payment

$37,919.79

%
%
yr

Private Mortgage Insurance

Not required

Affordability Checkoptional
$

Enter your annual income to check affordability

Property Details

Property Information

3 Watervliet Avenue Extension

Albany, NY 12206 • Albany
—
Beds
—
Baths
115,304
SqFt
5.4
Acres
Status
Active
Property Type
Commercial Sale
Property Subtype
Hotel/Motel
Year Built
197254 years ago
Days on Market
88 days
Tax History
Estimated values, may not reflect current amounts.
  • Annual Tax Amount
    $185,351
Property History
  • Listed for sale
    Mar 18, 2026 • GLOBAL MLS • 202613486
    $8,000,000
Mortgage Calculator
Estimated monthly payment for this property
$37,919.79
Down Payment
Interest Rate
Loan Term
%
%
yearsyrs.
Affordability Checkoptional
$

Enter your annual income to see if this home fits your budget

Private Mortgage Insurance

Not required — down payment above 20%
MLS Information
  • Source
    Global MLS
  • MLS#
    202613486
  • Listing Office
    Carrow Real Estate Services LLC
  • Last Updated
    88 days ago

Climate & Systems

  • Heating
    Other

Parking

  • Parking Spaces
    300

Lot & Grounds

  • Lot Size
    5.4 acres
  • Lot Features
    Road Frontage

Type

  • Property Type
    Commercial Sale
  • Property Subtype
    Hotel/Motel

Structure

  • Construction
    • Brick
    • Steel Frame
  • Roof
    Rubber

Condition

  • Year Built
    1972
  • Days on Market
    88 days
  • Water
    Public
  • Sewer
    Public Sewer

607-282-6242, (607) 282-6242, or +1 607 282 6242

Kevin Lucero

Kevin Lucero

Lic. Real Estate Salesperson

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