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About This Home

This 0-bedroom, 0-bathroom commercial at 4761 NYS Route 86 in Wilmington, NY is listed for $6,900,000 ($1,623 per sqft). Built in 1980, the home offers 4,252 sqft of living space on a 21.09 acres lot.

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, cafe 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.

Key Features

  • Built in 1980
  • 21.09 acre lot
  • Waterfront

Property Details

1980

Amenities

WaterfrontViewA/C

Monthly Cost Estimate

$36,903/mo

20% down · 6.5% · 30 years

Principal$4,990
Interest$29,900
Insurance$2,013

Estimates only. Actual payments may vary.

Location

4761 NYS Route 86

Wilmington, NY 12997

Features & Amenities

Exterior Features

Lighting

Property Details

Construction

Frame Wood Siding

Views

RiverWater

Parking

Parking Lot

Heating

Propane (Heating)OilElectric (Heating)

Cooling

DuctlessWall Unit(s)

Appliances

Electric Water Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 4761 NYS Route 86 is listed at $6,900,000 ($1,623/sqft). The estimated monthly payment is $29,900 based on 20% down at 6.5% interest.

Key features include: Built in 1980, 21.09 acre lot, Waterfront. Exterior Features: Lighting.

This property is listed by Colleen Holmes and can be reached at 5185244759 or colleen.holmes@evrealestate.com.

CH

Colleen Holmes

Agent at Engel & Volkers Lake Placid Real Estate

(518) 524-4759

Listed by Engel & Volkers Lake Placid Real Estate

MLS# 177599· Source: listhub· Updated 1311 days ago

Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4761 NYS Route 86, Wilmington, NY 12997

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