Property
$6,900,00021.09 Acres4,252 sq ft
For Sale
For Sale
$6,900,00021.09 Acres
For Sale
4,252 sq ft

4761 NYS Route 86, Wilmington, NY 12997 - Essex County

Static Google Map
Property ID 25083184

Is this your property? Sell it faster with premium placement and targeted ads.

COMMERCIAL - Wilmington, NY

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, cafe 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.

Copyright © 2025 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.

From elevation to risk assessment

Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.

Research Parcel Information
Contact Seller

Engel & Völkers Lake Placid

Lake Placid, NY

(518) 524-4759
Listing provided by
Colleen Holmes
Engel & Völkers Lake Placid(518) 523-4404
Source: ListHub, MLS# 177599
Listing status: Active
Listing last updated: December 4, 2025 at 6:44 PM
Listing last checked: December 29, 2025 at 4:30 AM
Report this listing
C

Colleen Holmes

Engel & Völkers Lake Placid
View Phone Number

Message

Is this your property? Sell it faster with premium placement and targeted ads.

Colleen Holmes

Engel & Völkers Lake Placid