1606 Central Av, Colonie, NY 12205

  • Price: $5,086,000
  • Address: 1606 Central Av, Colonie, NY 12205
  • MLS # 202121392
Listing Courtesy of: Cherko Fusco Realty
Status: Active
Call Now to Speak to a LIVE AGENT 518-532-7400

Features:

  • Acres: 3.2
  • Town: Colonie
  • Property Type: Commercial
  • Estimated Taxes: $61,000
  • Water: Public
  • Sewer: Public
  • County: Albany
  • Present Use: Apartment Plus, Hotel, Motel
  • Parking Spaces: Paved

Description:

The Days Inn Albany is a phenomenal investment opportunity for any investor or owner-operator.? The property consists of three separate buildings.? The first building to the left is outdoor rooms and has a lobby inside, as well as laundry & vending machines.? The building to the right is a restaurant and is a triple net lease.? The building in the back is 3 stories of a hotel room.? These rooms are suites, and the building has a breakfast area, banquet hall, pool, laundry, and vending machines.? Each building was renovated in 2018.? Due to the pandemic, the hotel was forced to close its pool, banquet hall, and breakfast bar.? Prior to the pandemic, the hotel found lots of success hosting events and accommodating guests with reasonably priced, yet very nice, suites.? While many investors/


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