You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Amusement parks

4761 Nys Route 86 Wilmington, NY 12997

4,252 SF 21.09 ac lot Built 1980
Entity Owned 20-yr Hold Free & Clear
Property ID
US63-2063584
Property summary
AI-generated overview

This exceptional 21.09-acre property in Wilmington, NY, presents a unique investment opportunity: the High Falls Gorge, a renowned Adirondack nature park and tourist attraction. Operating successfully for over 72 years, this turnkey business offers a timeless blend of natural beauty and historical significance. The 4,252 square foot facility boasts multiple revenue streams, including ticket sales, a gift shop, food and beverage services, and a venue for weddings and other events. Nestled in the heart of the Adirondacks, the park enjoys a prime location with high tourist traffic. Its features include over 2,000 feet of waterfront access on both sides of the West Branch of the Ausable River, three steel bridges, 350 feet of steel walkways, manicured trails, and a dedicated event space. The property is strategically situated, completely surrounded by state park land and abutting Whiteface Mountain Ski Resort to the north. High visibility is ensured by 2,000 feet of road frontage with ample signage opportunities and a large off-street parking lot. The property's zoning allows for hydroelectric production, presenting additional potential for expansion and revenue generation. Significant growth opportunities exist through the expansion of events and the addition of interactive visitor experiences, making this a truly remarkable investment prospect.

Property profile
Verified
Property type Amusement parks
Use group ARCADES (AMUSEMENT)
Year built 1980
Total area 4,252 SF
Lot 21.09 ac (918,680 SF)
Zoning code 05 - COMMERCIAL
APN 155400 25.-1-11.000
UPID US63-2063584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Boanka Atractions Corp · 20 yrs held
Boanka Atractions Corp
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
05 - COMMERCIAL · Wilmington, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message