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    Hospitality properties

    2961 Us-9, Ballston Spa, NY 12020

    45,166 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 51-unit motel, situated on a sprawling 14-acre lot at 2955-2961 Route 9 in Ballston Spa, New York (zip code 12020), presents a lucrative investment opportunity. Boasting 45,166 square feet of space, this two-story property is priced at $6,999,999, translating to $154.98 per square foot. Completely renovated in 2016, the motel offers a comprehensive array of amenities, including two swimming pools, two on-site restaurants, a sauna, tennis courts, a fitness center, and a day spa. Its strategic location directly off I-87 Exit 13 North provides unparalleled accessibility to both downtown Saratoga Springs and Saratoga State Park, less than two minutes away. The property benefits from a highly visible corner lot with convenient street lighting. The expansive acreage offers significant potential for future development, adding considerable value to this already impressive asset. This is a rare chance to acquire a well-established, amenity-rich hospitality property in a thriving New York location. The property's strong performance history and prime location make it an ideal investment for experienced hospitality operators or developers seeking a high-return opportunity.

    Property profile
    Verified
    Property type Hospitality properties
    Total area 45,166 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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