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    4761 Nys Route 86 Wilmington, NY 12997

    Sponsored
    For Sale
    $6,900,000

    Commercial Sale, Other - Wilmington, NY

    Type:Business
    Lot size:
    21.09 Acres
    Days on Market:
    38
    Last Refresh:
    Jan 10 at 1:06 pm

    Property Features for 4761 Nys Route 86

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    25.-1-11.000
    Parking features
    Parking Lot
    Exterior features
    Lighting
    Lot size
    21.09 Acres

    Utilities

    Heating system
    Electric (Heating), Oil, Other (Heating), Propane (Heating)
    Cooling system
    Ductless, Multi Units, Wall Unit(s)

    Building Details

    Year built
    1980
    Roof type
    Metal
    Architectural style
    Other

    Engel & Völkers Lake Placid (518) 523-4404 [email protected]

    Listing agent Colleen Holmes (518) 523-4404

    Listing date Dec 4, 2025

    MLS# 177599 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Adirondack Nature Attraction

    This fully operational, year-round attraction is an established tourism business in the Adirondacks. The property spans 22 acres and features over 2,000 feet of Ausable River frontage. Dramatic waterfalls, steel walkways, and renovated bridges provide a visitor experience in all seasons. Significant capital improvements in 2024, exceeding $1M, include steel staircases, structural supports, decking, fencing, and an award-winning industrial paint restoration. A 4,200 sq ft lodge includes a gift shop, restrooms, and a fully equipped commercial restaurant with indoor, lounge, and outdoor seating areas. The business operates with proven systems and multiple revenue streams, including ticketed admission, retail, café services, and private events. The location is adjacent to Whiteface Mountain Ski Resort and minutes from Lake Placid, benefiting from strong year-round tourism traffic. This turnkey operation blends natural beauty, infrastructure, and consistent visitation. The property is positioned for immediate continuity and long-term growth under new ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Map

    City
    Wilmington
    County
    Essex
    State
    New York
    Longitude
    -73.876923
    Latitude
    44.347542

    Nearby Similar for Sale

    • $6,900,000
      4,252 SF

      Iconic Adirondack Nature Attraction

      Turnkey tourism business with waterfalls, restaurant, and retail.
      4761 Nys Route 86, Wilmington, NY 12997
      View Details
    • $8,700,000
      4,252 SF

      High Falls Gorge: Adirondack Gem

      Profitable Turnkey Attraction, 21 Acres
      4761 Nys Route 86, Wilmington, NY 12997
      View Details

    FAQs

    What type of property is this?
    Theater & concert hall - Turnkey tourism business opportunity in the heart of the Adirondacks.
    Where is this theater & concert hall located?
    The property is located at 4761 Nys Route 86 Wilmington, NY.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Iconic Adirondack nature attraction and turnkey tourism business with multiple revenue streams.; - Significant 2024 capital improvements exceeding $1M, ensuring durability and reduced maintenance.; - Prime location adjacent to Whiteface Mountain Ski Resort and minutes from Lake Placid, benefiting from year-round tourism.
    (518) 524-4759
    Request Owner's contact information
    4761 Nys Route 86 Wilmington, NY 12997
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    Wilmington, NY 12997
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4761 Nys Route 86 Wilmington, NY 12997
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