Property profile

2961 Us-9 Ballston Spa, NY 12020

OFF-MARKET
Hospitality properties
45,166 SF
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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

Location

2961 Us-9 Ballston Spa, NY 12020
Ballston Spa metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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