Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Baths
4,252 sqft

$6,900,000

4761 NYS Route 86, Wilmington NY, 12997

Price per sqft$1,622.77
Built in1980
Property size4,252 sqft
Property typeCommercial
Courtesy of Colleen Holmes, Engel & Volkers Lake Placid Real Estate

Overview

Active

Listed Jul 10, 2025

Updated Jun 5

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.

Additional information

MLS® ID
177599

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
21.09 Acres

Other Property Details

Taxes
$8,364
Tax Frequency
Annually
View
Yes
Waterfront
Yes

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peter Day shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2026 NY - Adirondack-Champlain Valley Multiple Listing Service, Inc (ACVMLS). All rights reserved.

Powered by Luxury Presence