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    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
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    Blend (final) Blend
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    Owner & transaction history
    Boanka Atractions Corp · 20 yrs held
    Boanka Atractions Corp
    since 2006
    1 recorded transaction
    2006
    Zoning & alternative use
    05 - COMMERCIAL · Wilmington, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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