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    5192 Ny-86 Wilmington, NY 12997

    For Sale
    $1,350,000

    COMMERCIAL - Wilmington, NY

    Property size:
    4,500 SF
    Lot size:
    86.00 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 14 at 12:06 am

    Property Features for 5192 Ny-86

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    26.3-1-79.000
    Size
    4,500 SF
    Lot size
    86.00 Acres

    Utilities

    Utilities
    Electricity Available
    Water source
    Public

    Building Details

    Year built
    1923

    Merrill L. Thomas, Inc. (518) 523-2519

    Listing agent Whit Bissell (518) 524-4079

    Listing date Oct 16, 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

    Adirondack Land Development Opportunity

    This property presents a unique opportunity to reimagine over 85 acres of Adirondack land in Wilmington, New York, situated a half-mile from Whiteface Mountain's entrance and near the West Branch of the Ausable River. Comprising three parcels with 1.3-acre APA zoning and public water access, the property is located within the Lake Placid School District. The existing caretaker's home, owner's residence, former boutique motel, and four cottages are in disrepair and ready for removal. The land rises up the mountainside, providing views of Whiteface Mountain, streams, and access to nature. The property allows for the creation of a community with private hiking trails, wildlife viewing, and outdoor amenities. The setting offers a peaceful escape while remaining close to restaurants, the Ironman bike route, and opportunities for skiing, hiking, and fishing. The property backs up to a 78.5-acre parcel also for sale. The property size is 4500 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Clothing Store Pawn Shop Bar & Pub Travel Agency Breakfast Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Essex
    State
    New York
    Longitude
    -73.843726
    Latitude
    44.358881

    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
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    • $6,900,000
      21.09 Acres

      Iconic Adirondack Nature Attraction

      Turnkey tourism business opportunity in the heart of the Adirondacks.
      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
      View Details

    FAQs

    What type of property is this?
    Land - 85+ acres near Whiteface Mountain, ideal for development.
    Where is this land located?
    The property is located at 5192 Ny-86 Wilmington, NY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - 85+ acres of prime Adirondack land, offering significant development potential.; - Located in the heart of Wilmington, half-mile from Whiteface Mountain entrance.; - Favorable 1.3-acre APA zoning and public water access.
    (518) 524-4079
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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
    5192 Ny-86 Wilmington, NY 12997
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