Bought with Jennifer Gao-Bosley • Coldwell Banker Prime Properties
$825,000
$895,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
16,000 SqFt
SOLD DATE : 05/20/2020
Key Details
Sold Price $825,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 16,000 sqft
Price per Sqft $51
MLS Listing ID 201916606
Sold Date 05/20/20
HOA Y/N No
Year Built 1942
Annual Tax Amount $16,482
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 43,560
Property Sub-Type Hotel-Motel
Source Global MLS
Property Description
RARE OPPERTUNITY. This motel has never entered the market and has been family owned for over 40 years. The location is excellent and located in the heart of Colonie. The subject property offers a 2 story building and the original motel in a separate building as well as a separate building housing the motel's office as well as rental unit/ owners living quarters. There is a coin op laundry matt on the premises and the 2 story motel offers a newer roof and the driveway was recently paved. Always rented, this property generates excellent income and is not that difficult to operate. SERIOUS INQUARIES ONLY... Financials to be disclosed upon proof of funds.
Location
State NY
County Albany
Zoning Commercial
Direction Rt. 5 or Central Ave a mile west past rt. 155. Located next to the new Dollar General and O'Reillys Auto Zone
Interior
Heating Forced Air, Natural Gas
Exterior
Parking Features Private
Utilities Available Natural Gas Available, Cable Available, Electricity Available, Sewer Available, Water Available
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District South Colonie
Others
Tax ID 012689 29.6-4-17
Special Listing Condition Standard
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