Albany, NY 12206

Property

Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed
Lot Size: 5.40 Acres

Financials

Price:$8,499,999
Annual Taxes:$226,143
505 Park Ave, New York, NY 10022
Listing Courtesy of B2B Real Estate Group Inc

Albany Plaza is a fully operational, independently run full service hotel comprising 215 guest rooms situated on a 5.

View of commercial property featuring uncovered parking

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.

Amenities

  • Bathrooms
  • Cable Connected
  • Convection Oven
  • Cooktop
  • Dishwasher
  • Dryer
  • Electricity Connected
  • Electric Oven
  • Exhaust Fan
  • Fire Alarm
  • Fire Sprinkler System
  • Freezer
  • Gas Cooktop
  • Gas Oven
  • High Speed Internet
  • Lobby
  • Mailbox
  • Microwave
  • Natural Gas Connected
  • Oven
  • Phone Connected
  • Ramp
  • Refrigerator
  • Sewer Connected
  • Shades/Blinds
  • Smoke Detectors
  • Stainless Steel Appliance(s)
  • Storage
  • Trash Collection Private
  • Video Cameras
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.