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1606 Central Avenue
Colonie, New York NY 12205
$6,000,000 Price
Active Status
139,392 SqFt
3.200 Acres
202220588 Listing ID
Motel with 109 rooms for sale 7 minutes from Albany International airport. Located only a half mile off Interstate 87, Colonie Center and Wolf Road. Motel has well above average occupancy rate. Roadside building constructed in 1983. The back building housing suites built recently in 2001. Numerous events booked into the future. Restaurant on site currently leased out and managed by tenant. Owner has done many updates and capital improvements. NDA must be filled out before discussing financials. Listing agent to accompany tours. Do not approach employees.
Schedule Showing
Status Active
County Albany
Year Built 1983
Property Type Commercial Sale
Commercial Sale
Property Sub Type Hotel-Motel

Primary Features

County: Albany
Price/SqFt: 343.45
Property Sub Type: Hotel-Motel
Property Type: Commercial Sale
Year Built: 1983
Zoning: Commercial

Interior

Basement: None
Cooling: Wall Unit(s)
Heating: Baseboard

External

Architectural Style: Motel
Construction Materials: Stucco
Lot Size Square Feet: 17470
New Construction: no
Number Of Buildings: 1
Parking Features: Paved
Parking Features: Parking Total: 86
Pool Features: In Ground
Roof: Metal
Sewer: Public Sewer
Water Source: Public

Location

Association: no
Association Amenities: None
Directions: 1/2 mile off exit 2W from north way on the left.
High School: Colonie Central HS
School District: South Colonie
Waterfront: no

Additional

Accessibility Features: Accessible Approach with Ramp
Broker Agent Compensation: 1
Buyer Agency Compensation: 1
City/Town (Mail): Albany
Current Use: Motel
Document Count: 2
Dual Variable Compensation: No
Enhanced Accessible: yes

Financial

Sale Includes: Business & Building
Special Listing Conditions: No Disclosures
Tax Annual Amount: 79566.45
Tax Block: 2
Tax Lot: 5
Total Taxes Description: Estimated

Zoning Info


© 2022 Global MLS (GMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of GMLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Real estate listings held by IDX Brokerage firms other than Yankee Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Data last updated: Sunday, November 27th, 2022.
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Listed by: William Curry from NAI Platform LLC (518) 253-5970
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Listed by: William Curry from NAI Platform LLC (518) 253-5970
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Listed by: William Curry from NAI Platform LLC (518) 253-5970

Contact - Listing ID 202220588

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Yankee Realty, Inc.

1719 Central Ave.,
Albany,, NY 12205
Phone: (518) 452-3450

Data services provided by IDX Broker

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