212-468-5958
205 Wolf Rd, Colonie, NY for Sale
Commercial LAND - FOR SALE
1/5
553,212 SF

205 Wolf Rd
Colonie, NY 12205


HIGHLIGHTS

  • This development is perfect for Residential Conversions, Retail Developments, Hotel Redevelopment, and more!

OVERVIEW

Meridian Investment Sales and Trinity Realty Group are pleased to present the exclusive offering for 205 Wolf Road — a 12.7-acre development opportunity located in Albany, New York. The site is located right off the NYS Thruway with a three-minute drive to the Albany International Airport and a 15-minute drive to Downtown Albany. Currently the site includes one two-story building (formerly a Red Lion Hotel), one vacant six-story hotel (formerly, the Turf Inn) and approximately 648 parking spots. The two-story building is approximately 160,000 square feet and has 198 rooms, including a restaurant, two large ballrooms, conference rooms and offices. The six-story building is approximately 70,000 square feet and includes 115 rooms, each with an exterior window, a bar/lounge space, game room and outdoor pool. RESIDENTIAL CONVERSION — BUILDING 1 - 135,000 square feet of Building 1 may be converted into 96 garden-style apartments with amenities including an atrium lounge, fitness center and pool. RETAIL DEVELOPMENT — BUILDING 1 - 25,000 square feet of Building 1 may be developed into a retail hub. - Three pad sites on Wolf Road (15,000 SF) - One pad site on Marcus Boulevard (2,500 SF) HOTEL REDEVELOPMENT — BUILDING 2 - This 70,000 square foot, six-story building is currently vacant and may be renovated into a boutique, high-end hotel. OTHER-USES - Entertainment center (arcade, 3D virtual experience, sports center, etc.) - Education/non-profit - Medical/corporate offices - Senior housing/assisted living

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Hospitality, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Convenience Store, Fast Food, General Freestanding, Health Care, Hold for Development, Hold for Investment, Hotel, Medical, Office Park, Restaurant, Self-Storage, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Strip Center, Supermarket

LAND ACRES

12.7 AC

LAND SF

553,212 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

COR

APN/PARCEL ID

012689-030-004-0001-052-000-0000

ASK ABOUT THIS PROPERTY

Shallini MehraMeridian Capital GroupMore Info
212-468-5958

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Shallini MehraMeridian Capital GroupMore Info
212-468-5958

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