Riverfront Tourism
For Sale
$6,900,000
4761 NYS Route 86, Wilmington, NY 12997
COMMERCIAL - Wilmington, NY
Property Size4,252 SF
Lot Size21.09 Acres
Price / SF$1,622
Days on Market1388
Property Features for 4761 NYS Route 86
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot
Exterior features
Lighting
Basement
Full
Appliances
Electric Water Heater
View
Water, River
Elementary school district
Lake Placid
Middle school district
Lake Placid
High school district
Lake Placid
Directions
From Lake Placid to Route 86 E toward Wilmington for 7.8 miles, High Falls Gorge will be on the left.
Subdivision
Jay, Wilmington
Standard status
Active
APN
25.-1-11.000
Size
4,252 SF
Lot size
21.09 Acres
Taxes and HOA fees
Tax Annual Amount
8364
Utilities
Heating system
Propane (Heating), Oil, Electric (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Spring
Water front
1
Amenities
gift shop
restrooms
commercial restaurant
steel walkways
renovated bridges
outdoor seating
Building Details
Year built
1980
Building materials
Frame, Wood Siding
Roof type
Metal
Listing Agency:
Engel & Volkers Lake Placid Real Estate · Engel & Völkers
(518) 523-4404
Listed By:
Colleen Holmes
(518) 524-4759
Added: Oct 29, 2022
Changed: Aug 4
Last Checked: Aug 16 at 3:06PM
MLS# 177599
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
High Falls Gorge is a year-round, fully operational tourism resort offering a turnkey attraction on the Ausable River in the heart of the Adirondacks. The property spans 21.09 acres with over 2,000 feet of Ausable River frontage, featuring dramatic waterfalls, steel walkways, and renovated bridges designed for a safe, immersive visitor experience in all seasons. Lighting is provided on-site.
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 property is serviced by spring water and has a metal roof. Construction is frame with wood siding, with oil heat plus electric and propane heating, and ductless and wall unit cooling.
In 2024, significant capital improvements were completed, including steel staircases, structural supports, decking, fencing, and an industrial paint restoration. Parking is available via a parking lot. The resort is located in Wilmington, NY, and is adjacent to Whiteface Mountain Ski Resort with access to Lake Placid minutes away.
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 property is serviced by spring water and has a metal roof. Construction is frame with wood siding, with oil heat plus electric and propane heating, and ductless and wall unit cooling.
In 2024, significant capital improvements were completed, including steel staircases, structural supports, decking, fencing, and an industrial paint restoration. Parking is available via a parking lot. The resort is located in Wilmington, NY, and is adjacent to Whiteface Mountain Ski Resort with access to Lake Placid minutes away.
Key Highlights
- 21.09 acres with over 2,000 feet of Ausable River frontage at High Falls Gorge
- Steel walkways and renovated bridges for a safe, immersive visitor experience in all seasons
- 4,200 sq ft lodge with gift shop, restrooms, and a fully equipped commercial restaurant
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 12997, NY
1,139
Population
818
Households
1.4
Avg Household Size
51
Median Age
31%
College-Educated
96%
High-School Grad
65.2 sq mi
ZIP Area
17
Density / Sq Mi
$80,568
Median Household Income
$53,189
Median Earnings
$1,095
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Resort - Year-round, fully operational tourism resort with a lodge, gift shop, and commercial restaurant along the Ausable River.
Where is this resort 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: 21.09 acres with over 2,000 feet of Ausable River frontage at High Falls Gorge; Steel walkways and renovated bridges for a safe, immersive visitor experience in all seasons; 4,200 sq ft lodge with gift shop, restrooms, and a fully equipped commercial restaurant
