4761 Nys Route 86, Wilmington, NY 12997
For Sale
1 / 75
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Wilmington, NYWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.