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    4761 Nys Route 86 Wilmington, NY 12997

    New
    For Sale
    $6,900,000

    COMMERCIAL - Wilmington, NY

    Property size:
    4,252 SF
    Lot size:
    21.09 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 4761 Nys Route 86

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Commercial
    APN
    25.-1-11.000
    Parking features
    Parking Lot
    Exterior features
    Lighting
    Basement
    Full
    Appliances
    Electric Water Heater
    Size
    4,252 SF
    Lot size
    21.09 Acres

    Utilities

    Heating system
    Propane (Heating), Electric (Heating), Oil
    Cooling system
    Ductless, Wall Unit(s)
    Water source
    Spring
    Water front
    1

    Building Details

    Year built
    1980
    Building materials
    Frame, Wood Siding
    Roof type
    Metal

    Engel & Volkers lake Placid Real Estate (518) 523-4404 [email protected]

    Listing agent Colleen Holmes (518) 524-4759

    Listing date Dec 4, 2025

    Copyright © 2025 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.

    Overview

    Iconic Adirondack Nature Attraction

    This commercial property in Wilmington, NY, presents an established, fully operational, year-round tourism business. The property spans 21.09 acres and features over 2,000 feet of Ausable River frontage, dramatic waterfalls, steel walkways, and renovated bridges. Significant capital improvements in 2024, exceeding $1M, include steel staircases, structural supports, decking, fencing, and an award-winning industrial paint restoration. The property includes a 4,252 sq ft lodge that houses a gift shop, restrooms, and a fully equipped commercial restaurant with indoor, lounge, and outdoor seating areas. The business has multiple revenue streams, including ticketed admission, retail, cafe services, and private events. The property is located adjacent to Whiteface Mountain Ski Resort and minutes from Lake Placid, benefiting from year-round tourism traffic. This turnkey operation offers stability and potential for future growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Theaters & concert halls

    Map

    City
    Wilmington
    County
    Essex
    State
    New York
    Longitude
    -73.876893
    Latitude
    44.347565

    Nearby Similar for Sale

    • $8,700,000
      21.09 Acres

      Adirondack Nature Park Tourist Attraction

      Turnkey, profitable Adirondack nature park and tourist attraction for sale.
      4761 Nys Route 86, Wilmington, NY 12997
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    • $8,700,000
      4,252 SF

      High Falls Gorge: Adirondack Gem

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

    What type of property is this?
    Theater & concert hall - Turnkey tourism business with waterfalls, restaurant, and retail.
    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.; - Prime location adjacent to Whiteface Mountain Ski Resort and minutes from Lake Placid, benefiting from year-round tourism.; - Significant 2024 capital improvements exceeding $1M, ensuring durability and reduced long-term maintenance.
    (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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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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