4761 Nys Route 86, Wilmington, NY

Real Estate

For Sale

Listed price in listed location currency (USD).

$6,900,000

000

MLS® 177599

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $8,364

Days Active 1214

Approx. Age 1980

MLS® Number 177599

Property Address: 4761 Nys Route 86, Wilmington, NY, 12997-2103

Average square foot calculated using Size range provided by listing agent.

Description

High Falls Gorge - Iconic Adirondack Nature Attraction & Turnkey Tourism Business. Now repositioned at $6, 900, 000, this long-established, fully operational, year-round attraction offers an unmatched investment opportunity in the heart of the Adirondacks. The property spans 22 acres with over 2, 000 feet of Ausable River frontage, featuring dramatic waterfalls, steel walkways, and renovated bridges that create a safe, immersive visitor experience in all seasons. Significant 2024 capital improvements exceeding $1M include steel staircases, structural supports, decking, fencing, and an award-winning industrial paint restoration—ensuring durability and reduced long-term maintenance. A 4, 200 sq ft lodge includes a gift shop, restrooms, and a fully equipped commercial restaurant with seating across indoor, lounge, and outdoor areas. The business operates with proven systems and multiple revenue streams including ticketed admission, retail, café services, and private events. Ideally situated adjacent to Whiteface Mountain Ski Resort and minutes to Lake Placid, the location benefits from the region's strong year-round tourism traffic. This turnkey operation blends natural beauty, infrastructure, and consistent visitation—offering stability with room for future growth. A Legacy Ready for Its Next Steward—High Falls Gorge has been cared for by the same family for generations. The offering represents not just a business opportunity, but the chance to steward one of the Adirondacks' most iconic natural landmarks. With its blend of natural wonder, turnkey operations, and recent investment, this property is positioned for immediate continuity and long-term growth under new ownership.

MLS® Number177599

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1980

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Fixtures, Equipment, Furniture

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 29, 2022List Date

$6,900,000List Price

Commute

Commute

Starting Address

Destination Address

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