Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.