1 Glen Ave - Hospitality FOR SALE


Scotia, NY 12302
$8,000,000 USD
917-952-3306
1 Glen Ave, Scotia, NY for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

1 Glen Ave
Scotia, NY 12302


OVERVIEW

Glen Sanders Mansion | Historic Hospitality Landmark & Shovel-Ready Development Opportunity Dating to 1658 and set along the banks of the Mohawk River in Scotia, New York, the iconic Glen Sanders Mansion presents an extraordinary opportunity to acquire one of the Capital Region’s most historically significant properties. The estate’s story began with Alexander Lindsay Glen, a Scottish merchant and one of the earliest European settlers of the Mohawk Valley. The original stone dwelling was later expanded by his son, Johannes Glen, and remained connected to the Glen and Sanders families for centuries. Throughout its remarkable history, the mansion is said to have welcomed President George Washington and Louis Philippe, who later became King of France. The property is also associated with Deborah Glen Sanders, whose presence remains part of the mansion’s enduring folklore. Local legend tells of a tomahawk thrown in her direction, leaving a mark that can still be seen on the historic staircase banister. Stories of secret passageways, Underground Railroad activity, and friendly spirits have further contributed to the mansion’s mystique. For nearly four decades, Glen Sanders Mansion served as the cornerstone of Mazzone Hospitality and became one of the Capital Region’s most celebrated destinations for weddings, galas, corporate events, fine dining, and milestone celebrations. The property offers two compelling paths forward: As-Is Hospitality and Banquet Venue Continue operating this established property as a banquet hall, wedding and event venue, restaurant, and 22-room boutique hotel. Two ballrooms, historic dining rooms, professional event facilities, guest accommodations, and a scenic waterfront setting provide an exceptional foundation for continued hospitality operations. The property could also be reimagined as a private club, corporate retreat, wellness destination, or extraordinary private estate. Shovel-Ready Residential Development The offering also includes approved plans for a 101-unit residential development. This shovel-ready opportunity substantially advances the development process and allows an investor or developer to transform the site into a thoughtfully designed residential community while honoring its historic setting. Offered at $8,000,000, Glen Sanders Mansion represents a once-in-a-lifetime opportunity to preserve, operate, or reimagine an irreplaceable piece of American history.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$198 USD /SF

# OF ROOMS

22

PRICE/ROOM

$363,636 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Glen Sanders Mansion

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1896

PARKING SPACES

136

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,506 SF

ZONING

CON

APN/PARCEL ID

039-045-0001-001-011-0000

ASK ABOUT THIS PROPERTY

John LawrenceDouglas EllimanMore Info
917-952-3306

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John LawrenceDouglas EllimanMore Info
917-952-3306

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