Specialty Real Estate - For Sale
1606 Central Avenue Colonie, NY 12205
Details & Description
Price: $5,200,000
  • 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
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. 
Property Highlights
Listing Agents
William Curry

O: 518-465-1400
M: 518-253-5970
wcurry@naiplatform.com
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.

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
1606 Central Avenue Colonie, NY 12205 | for Sale | Photo 1
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. 

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Colonie Area Market Trends

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 Population6,65346,474144,348
Population Median Age424040
Population by Age0-9 Yrs512 (7%)3541 (7%)12892 (8%)
10-19 Yrs881 (13%)7980 (17%)19944 (13%)
20-29 Yrs863 (12%)7904 (17%)26333 (18%)
30-39 Yrs868 (13%)5004 (10%)17295 (11%)
40-49 Yrs734 (11%)4169 (8%)14756 (10%)
50-59 Yrs1060 (15%)5680 (12%)18666 (12%)
60-69 Yrs851 (12%)5977 (12%)17058 (11%)
70+ Yrs885 (13%)6218 (13%)17403 (12%)
Median HH Income$91,650$77,415$74,133
Total Household Income< 24K258 (10%)1957 (11%)8770 (15%)
25-49K296 (11%)3171 (18%)10677 (18%)
50-74K388 (15%)3013 (17%)9735 (16%)
75-99K458 (18%)2429 (14%)7888 (13%)
100-199K1033 (41%)5016 (29%)15787 (27%)
200K+61 (2%)1166 (6%)4869 (8%)
Highest Education LevelNo Diploma42720706409
Diploma or GED1209699919315
Some College930500114360
Assoc. Degree667382410828
Bachelors Degree863621421863
Higher Degree768550521615
Total Housing Units2,58517,69862,510
--Owner-Occupied2,03411,92435,300
--Renter-Occupied4604,82922,427
Owner-Occupied Values< 100K575141600
100-199K56137979748
200-299K1114539014525
300-399K16314465652
400-499K894342023
500K+503411752
Total Working Age Population5,73740,589122,819
In Work Force3,52023,35277,918
Not In Work Force2,21817,23744,900
Workforce Employed3,44522,34374,491
Workforce Unemployed709843,389
Civlian Workforce3,51523,32777,880
Military Workforce52538
Total Households2,49416,75357,727
Family Households1,76010,03532,050
Non-Family Households7346,71725,677
Married Couple1,3047,82524,080
Other Family4562,2117,969
Married w/Child3762,6529,106
Single Male w/Child1123361,188
Single Female w/Child676072,781

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New York18,976,457+219,378,102+420,146,131+220,604,030
Saratoga County200,635+9219,607+7234,009+5246,743
Albany County294,565+3304,204+3312,945+3322,394
Schenectady County146,555+6154,727+1156,103+1157,575

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

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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Closest Commercial Airports
Airport Distance (mi)
Bradley International Airport (BDL) 80
Syracuse Hancock International Airport (SYR) 118
Manchester-Boston Regional Airport (MHT) 122
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