4671 NY-86 - Specialty FOR SALE


Wilmington, NY 12997
$6,900,000 USD
800-724-8778
4671 NY-86, Wilmington, NY for Sale
$6,900,000 USD
Specialty - FOR SALE
1/13
null | Request Cap Rate

4671 NY-86
Wilmington, NY 12997


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$1,623 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High Falls Gorge

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

20.28 AC

LAND SF

883,374 SF

ZONING

05 - COMME

APN/PARCEL ID

155400-025-000-0001-011-000-0000

ASK ABOUT THIS PROPERTY

Brenda GouletteEngel & Völkers Lake Placid Real EstateMore Info
800-724-8778

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Brenda GouletteEngel & Völkers Lake Placid Real EstateMore Info
800-724-8778

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