203 County Route 405 - Hospitality FOR SALE


Westerlo, NY 12193
$1,300,000 USD
617-610-7774
203 County Route 405, Westerlo, NY for Sale
$1,300,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

203 County Route 405
Westerlo, NY 12193


HIGHLIGHTS

  • 64+ Acres in Albany Country including 11 buildings ripe for a variety of residential or commercial uses
  • 20 minutes to Albany Airport and the Capital of New York State
  • Ideal for a Hotel, Religious Center, Summer Camp, Camping, ATV Trails & Hunting
  • Only 2 1/2 Hours to New York City and 3 Hours to Boston
  • Gorgeous Grounds in the Foothills of the Catskill Mountains
  • Welcoming community and ripe for redevelopment

OVERVIEW

This outstanding 64+ Acre property is conveniently located in Westerlo, Albany County, New York. Albany is the Capital of New York State and is approximately ten miles southwest and a short 20 minute drive to downtown and to Albany International Airport. New York City is about 2 1/2 hours away and Boston about 3 hours from the site. This rare offering once operated as The Colonial Manor, a lovely resort hotel offering a host of amenities including nightly entertainment, three meals a day, swimming, shuffleboard, basketball, tennis, campgrounds, fishing, hunting, hiking trails and more. There are approximately ten buildings on the property, including 54 guest bedrooms, a commercial kitchen, event space, dining halls, Great Barn and more. in later years, the property was used as a religious retreat center. With that said, there are no limits as to how this outstanding property can be reimagined: summer camp, hotel, religious center, private school, single family estate, camping/ glamping, ATV trails, hunting grounds, residential development site and more! With its close proximity to Albany, New York City, Boston and the Adirondacks this gorgeous site presents a rare opportunity to make your dreams come true.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$43 USD /SF

# OF ROOMS

70

PRICE/ROOM

$18,571 {currency}

CAP RATE

Request Cap Rate

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALBANY * Estate - Retreat * 64+ Acres

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1962

PARKING SPACES

200

LAND DETAILS

LAND ACRES

64 AC

LAND SF

2,787,840 SF

ZONING

RDA

APN/PARCEL ID

013800-163-000-0001-029-000-0000

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.