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1 Abbey Ln
Queensbury, NY 12804
Baymont Inn & Suites Queensbury Lake George · Hospitality Property For Sale · 66,742 SF
Investment Highlights
- Newly renovated hotel with strong financials - minimal PIP will be required
- Restaurant space is vacant and ready to be leased to an independent operator
- Easy to run hotel - great for owner operator or to add to a portfolio
- Enormous potential to increase revenue with untapped social and business functions
- Close to highways, Saratoga Springs, Lake George, and Glens Falls
- Spacious guest rooms with a full mix of room types and suites.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2021 |
| Building Class | C | Parking Ratio | 5.99/1,000 SF |
| Lot Size | 5.11 AC | Corridor | Interior |
| Building Size | 66,742 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.11 AC |
| Building Size | 66,742 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2021 |
| Parking Ratio | 5.99/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Convention Hotel
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 1 Abbey Ln , Queensbury, NY 12804
The Baymont Queensbury/ Lake George has been fully renovated, including: beds, case goods, carpet, lighting, draperies, bedspreads, desks, flat screen TV's, microwaves, refrigerators, corridors, lobby, restaurant, meeting room and more! The numbers are very strong, and there's untapped potential to increase rates and occupancy with a targeted marketing approach. The renovated restaurant space and meeting room are available, but this owner has not utilized these spaces although a thriving restaurant was there a few years back. The hotel boasts an enormous indoor swimming pool which insures weekend business all year round, and a huge parking lot that can accommodate buses and tractor trailer trucks. In short, this newly renovated hotel is being operated as a rooms only hotel; but has all of the facilities to go after large groups, weddings, social functions and business conferences to increase revenue in addition to potentially leasing out the restaurant to an independent tenant or operator.
PROPERTY TAXES
| Parcel Number | 523400-302-009-0001-029-000-0000 | Improvements Assessment | $2,399,100 |
| Land Assessment | $315,500 | Total Assessment | $2,714,600 |
PROPERTY TAXES
zoning
| Zoning Code | CI (Motel) |
| CI (Motel) |
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