New York / Colonie / 12205 / 1606 Central Avenue

1606 Central Avenue

Colonie, NY 12205

Listing ID: 301079

$5,200,000

For Sale

Property Type Specialty for Sale : Hotel/Motel/Resort
Lot Size Acres 3.200
Building Sq Ft 17,470
Building Price per Sq Ft $297.65
Land Sq Ft 139,392
Land Price per Sq Ft $37.30

Property Highlights

• Outstanding occupancy

• Great Revenue

• Close to major shopping destinations and highways

Description

109 room motel located 7 minutes from Albany International Airport in Colonie. Located only a 1/2 mile from Wolf Road and Colonie Center. Well above average occupancy rates with events booked into the future. Roadside building constructed in 1983 while back building housing suites more recently constructed in 2001. Current owner has done many updates/capital improvements. Triple net restaurant can be included with sale for a purchase price of $6,000,000. Please return NDA under docs for financial information.

Attachments & Files

central-ave--1606---wc-ct-LVB-10l.pdf

nda-for-buyer-V2D-1cH.pdf

1606 Central Avenue Colonie NY Flyer.pdf

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Listing Demographics for 1606 Central Avenue Colonie, NY 12205

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		6,653	46,474	144,348
Population Median Age		42	40	40
Population by Age	0-9 Yrs	512 (7%)	3541 (7%)	12892 (8%)
	10-19 Yrs	881 (13%)	7980 (17%)	19944 (13%)
	20-29 Yrs	863 (12%)	7904 (17%)	26333 (18%)
	30-39 Yrs	868 (13%)	5004 (10%)	17295 (11%)
	40-49 Yrs	734 (11%)	4169 (8%)	14756 (10%)
	50-59 Yrs	1060 (15%)	5680 (12%)	18666 (12%)
	60-69 Yrs	851 (12%)	5977 (12%)	17058 (11%)
	70+ Yrs	885 (13%)	6218 (13%)	17403 (12%)

Median HH Income		$91,650	$77,415	$74,133
Total Household Income	< 24K	258 (10%)	1957 (11%)	8770 (15%)
	25-49K	296 (11%)	3171 (18%)	10677 (18%)
	50-74K	388 (15%)	3013 (17%)	9735 (16%)
	75-99K	458 (18%)	2429 (14%)	7888 (13%)
	100-199K	1033 (41%)	5016 (29%)	15787 (27%)
	200K+	61 (2%)	1166 (6%)	4869 (8%)

Highest Education Level	No Diploma	427	2070	6409
	Diploma or GED	1209	6999	19315
	Some College	930	5001	14360
	Assoc. Degree	667	3824	10828
	Bachelors Degree	863	6214	21863
	Higher Degree	768	5505	21615

Total Housing Units		2,585	17,698	62,510
--Owner-Occupied		2,034	11,924	35,300
--Renter-Occupied		460	4,829	22,427
Owner-Occupied Values	< 100K	57	514	1600
	100-199K	561	3797	9748
	200-299K	1114	5390	14525
	300-399K	163	1446	5652
	400-499K	89	434	2023
	500K+	50	341	1752

Total Working Age Population		5,737	40,589	122,819
In Work Force		3,520	23,352	77,918
Not In Work Force		2,218	17,237	44,900
Workforce Employed		3,445	22,343	74,491
Workforce Unemployed		70	984	3,389
Civlian Workforce		3,515	23,327	77,880
Military Workforce		5	25	38

Total Households		2,494	16,753	57,727
Family Households		1,760	10,035	32,050
Non-Family Households		734	6,717	25,677
Married Couple		1,304	7,825	24,080
Other Family		456	2,211	7,969
Married w/Child		376	2,652	9,106
Single Male w/Child		112	336	1,188
Single Female w/Child		67	607	2,781

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
New York	18,976,457	+2	19,378,102	+4	20,146,131	+2	20,604,030
Saratoga County	200,635	+9	219,607	+7	234,009	+5	246,743
Albany County	294,565	+3	304,204	+3	312,945	+3	322,394
Schenectady County	146,555	+6	154,727	+1	156,103	+1	157,575

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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