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Wilmington See all listings

4761 NYS Route 86, Wilmington, NY 12997

$6,900,000

MLS# 177599

21.09 acres

4,252 sq. ft

Listing Courtesy of: Engel & Volkers Lake Placid Real Estate

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Portrait of Jack Favro

Jack Favro

518-637-8169

[email protected]

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Overview

High Falls Gorge – Iconic Adirondack Nature Attraction & Turnkey Tourism Business. Now repositioned at $6,900,000, this long-established, fully operational, year-round attraction offers an unmatched investment opportunity in the heart of the Adirondacks. The property spans 22 acres with over 2,000 feet of Ausable River frontage, featuring dramatic waterfalls, steel walkways, and renovated bridges that create a safe, immersive visitor experience in all seasons. Significant 2024 capital improvements exceeding $1M include steel staircases, structural supports, decking, fencing, and an award-winning industrial paint restoration—ensuring durability and reduced long-term maintenance. 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 business operates with proven systems and multiple revenue streams including ticketed admission, retail, café services, and private events. Ideally situated adjacent to Whiteface Mountain Ski Resort and minutes to Lake Placid, the location benefits from the region’s strong year-round tourism traffic. This turnkey operation blends natural beauty, infrastructure, and consistent visitation—offering stability with room for future growth. A Legacy Ready for Its Next Steward—High Falls Gorge has been cared for by the same family for generations. The offering represents not just a business opportunity, but the chance to steward one of the Adirondacks’ most iconic natural landmarks. With its blend of natural wonder, turnkey operations, and recent investment, this property is positioned for immediate continuity and long-term growth under new ownership.

Details & Amenities

Listing Details

  • MLS #: 177599
  • Status: Active
  • Date Listed: 07-10-2025
  • Sq. Ft: 4,252
  • Acreage: 21.09
  • Seasonal Property: No
  • Listing Agent: Colleen Holmes
  • Listing Courtesy of: Engel & Volkers Lake Placid Real Estate

Interior Features

  • Basement: Full
  • Heating Type: Electric, Oil, Propane, Other
  • Air-conditioning Type: Ductless, Wall Unit(s)

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Wilmington
  • Township: Wilmington
  • School District: Lake Placid
  • Views: Mountain(s), River, Trees/Woods, Water
  • Lot Size Area: 21.09
  • Road Type: None
  • Body of Water : Ausable West Branch
  • Zoning Description: Commercial

Building & Construction

  • Tax Map #: 25.-1-11.000
  • Annual Taxes: $8,364
  • Year Built: 1980
  • Parking Features: Parking Lot
  • Exterior Siding: Frame, Wood Siding
  • Roof Type: Metal
  • Foundation Details: Block
  • Electric AMP: 200+ Amp Service
  • Water Source: Spring
  • Features: Kitchen