3 Watervliet Avenue Extension Albany, NY ^$ 8,000,000

3 Watervliet Avenue Extension

^$ 8,000,000

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3 Watervliet Avenue Extension

Albany, NY, 12206

^$ 8,000,000

Bedrooms-- Baths-- Sq 115,304

Monthly Estimate*

^$ 49,257

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Commercial Property for sale in Albany, NY

for $8,000,000. This 115,304 square foot building was built in 1972 on a lot size of 5.4.

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).

Commercial Active

Price

^$ 8,000,000

Property Type

Commercial

Taxes

^$ 185,350

Style

Hotel-Motel

Lot Size

5.4

Year Built

1972

Town/City

Albany

County/Region

Albany

MLS | Web ID

202613486

Features

General

Sewer Public Sewer

Heating Other

Cooling Central Air

Possession At Closing

Roof Rubber

Zoning Commercial

Pool Features In Ground Indoor Outdoor Pool

Construction Materials Steel Beam Brick

Year Built 1972

Stories Count 9

Property Subtype Hotel-Motel

Current Use Hotel

County Albany

New Construction N

Property Type Commercial Sale

Association Amenities None

HOA N

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

Status Active

Directions Located immediately off I-90 Everett Road Exit 5 on/off Ramp

City Albany

Lot Size Units Acres

Lot Size Square Feet 235224.0

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 185350.59

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 0

Tax Lot 3.000

Exterior

Lot Features Road Frontage

Water Source Public

Total Parking 300.0

Lot Size Area 5.4

Number of Buildings 2

Spa N

Building Area Total 115304.0

Lot Dimensions 235224

Lot Size Acres 5.4

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Internal Only

Street Number 1 3

* Excluded Features

List By

Amber Hensley

Listing Agent

Carrow Real Estate Services Llc

Broker

(518) 788-7206

Phone

amber@carrowrealestateservices.com

Affordability Calculator

$64,703

Per Month

Monthly Principal & Interest: $49,257
Monthly Property Taxes: $15,446
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Albany, NY

Average List Price ^$1,119,724

Percent of Sale Price 86%

About Albany, NY

99,338 Population

4% Since 2002

^$44,478 Median Income

33.63 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3061716 Elementary School

3061730 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/18/2026	$8,000,000		Listed Price

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3 Watervliet Avenue Extension, Albany, NY, 12206 is a Commercial Property for sale at $8,000,000 with 115,304 sqft and a lot size of 5.4. 3 Watervliet Avenue Extension was built in 1972. The property's zip code is 12206 which is in Albany, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 3/25/2026.

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3 Watervliet Avenue Extension

Commercial Property for sale in Albany, NY

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