3 Watervliet Avenue Ext

3 Watervliet Avenue Ext, Albany, NY 12206

Property Information

  • For Sale $8,000,000
  • Property Type Retail
  • Property Size 115,305 SF
  • Lot Size 5.4 Acre
  • Taxes / YR $276,505.68
  • Parking Spaces Avail. 300
  • Parking Ratio 2.60 / 1,000 SF
  • Date Updated May 28, 2026

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).   

Contacts

Rudy R. Lynch

Carrow Real Estate Services

Amber Hensley

Carrow Real Estate Services

Location

Located at 3 Watervliet Avenue Ext, Albany, NY 12206, this property is part of the South End Albany neighborhood and Albany market.

Contact 3 Watervliet Avenue Ext
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