2961 Us-9 Ballston Spa, NY 12020
- Hospitality properties
- 45,166 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 2961 Us-9
- Property size
- 45,166 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ballston Spa
- County
- Saratoga
- State
- New York
- Longitude
- -73.7923
- Latitude
- 43.0271
