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The Crest Inn Suites and Cottages 776 Us-9 12 Room Hotel Gansevoort, NY 12831 For Sale
Executive Summary
776 US-9 presents an exceptional repositioning opportunity in Saratoga County for hospitality investors and developers. The property currently features a 12-unit hospitality facility on a substantial parcel along a well-traveled corridor, offering excellent regional connectivity and strong market fundamentals for hospitality and mixed-use development.
The main structure requires a comprehensive renovation to achieve modern branding and design expectations. Additionally, three detached cottages located toward the rear of the site are slated for full replacement, creating long-term potential for value-add investors to design an entirely refreshed lodging experience or repurpose the site for a mix of short-term rentals, boutique accommodations, or alternative lodging concepts.
Situated along US-9 with proximity to Saratoga Springs, Lake George, and the Capital Region, the location benefits from steady year-round traffic driven by regional tourism, events, and recreation. Outdoor attractions and seasonal destinations amplify upside for an operator capable of restoring and reprogramming this asset for today’s demand in a dynamic lodging market.
This property offers scalable upside, ample acreage for creative site planning, and multiple strategies for enhancing revenue streams—all within a rapidly growing destination corridor.
The main structure requires a comprehensive renovation to achieve modern branding and design expectations. Additionally, three detached cottages located toward the rear of the site are slated for full replacement, creating long-term potential for value-add investors to design an entirely refreshed lodging experience or repurpose the site for a mix of short-term rentals, boutique accommodations, or alternative lodging concepts.
Situated along US-9 with proximity to Saratoga Springs, Lake George, and the Capital Region, the location benefits from steady year-round traffic driven by regional tourism, events, and recreation. Outdoor attractions and seasonal destinations amplify upside for an operator capable of restoring and reprogramming this asset for today’s demand in a dynamic lodging market.
This property offers scalable upside, ample acreage for creative site planning, and multiple strategies for enhancing revenue streams—all within a rapidly growing destination corridor.
Property Facts
| Sale Type | Investment | No. Rooms | 12 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1960 |
| Building Class | C | Tenancy | Single |
| Lot Size | 4.64 AC | Parking Ratio | 1.2/1,000 SF |
| Building Size | 10,029 SF | Corridor | Exterior |
| Zoning | RB-1 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.64 AC |
| Building Size | 10,029 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 1.2/1,000 SF |
| Corridor | Exterior |
| Zoning | RB-1 |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $75.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 415600-127-000-0003-025-000-0000 | Improvements Assessment | $0 |
| Land Assessment | $282,000 | Total Assessment | $282,000 |
Property Taxes
Parcel Number
415600-127-000-0003-025-000-0000
Land Assessment
$282,000
Improvements Assessment
$0
Total Assessment
$282,000
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Presented by
M J J Realty
The Crest Inn Suites and Cottages | 776 Us-9
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