# 4761 NYS Route 86, Wilmington, NY 12997 > **TL;DR:** commercial, $6,900,000, built 1980. Est. $36,903/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $6,900,000 | | Year Built | 1980 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $34,890 | | Estimated Insurance | $2,013 | | **Total** | **$36,903** | ## Property Highlights - Built in 1980 ## Description ### Agent Description 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. ## Location - **Address:** 4761 NYS Route 86, Wilmington, NY 12997 - **County:** Essex - **Coordinates:** 44.347542, -73.876923 - **Google Maps:** https://www.google.com/maps?q=44.347542,-73.876923 ## Listing Agent - **Name:** Colleen Holmes - **Brokerage:** Engel & Volkers Lake Placid - **Broker Phone:** 5185234404 ## Photos ![4761 NYS Route 86 - Photo 1](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1679047373r.jpg) ![4761 NYS Route 86 - Photo 2](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1474647370r.jpg) ![4761 NYS Route 86 - Photo 3](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f870779513r.jpg) ![4761 NYS Route 86 - Photo 4](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f996535484r.jpg) ![4761 NYS Route 86 - Photo 5](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1962674401r.jpg) ![4761 NYS Route 86 - Photo 6](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1724624843r.jpg) ![4761 NYS Route 86 - Photo 7](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1761937775r.jpg) ![4761 NYS Route 86 - Photo 8](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3410053864r.jpg) ![4761 NYS Route 86 - Photo 9](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3445146567r.jpg) ![4761 NYS Route 86 - Photo 10](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f4028235746r.jpg) ![4761 NYS Route 86 - Photo 11](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f2941055258r.jpg) ![4761 NYS Route 86 - Photo 12](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f2684185521r.jpg) ![4761 NYS Route 86 - Photo 13](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f2000938454r.jpg) ![4761 NYS Route 86 - Photo 14](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f909835300r.jpg) ![4761 NYS Route 86 - Photo 15](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1682097779r.jpg) ![4761 NYS Route 86 - 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Photo 66](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3919719028r.jpg) ![4761 NYS Route 86 - Photo 67](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3499211767r.jpg) ![4761 NYS Route 86 - Photo 68](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f4134545877r.jpg) ![4761 NYS Route 86 - Photo 69](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3974460953r.jpg) ![4761 NYS Route 86 - Photo 70](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f2927564221r.jpg) ![4761 NYS Route 86 - Photo 71](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f2497511601r.jpg) ![4761 NYS Route 86 - Photo 72](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1533636699r.jpg) ![4761 NYS Route 86 - Photo 73](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f126370367r.jpg) ![4761 NYS Route 86 - Photo 74](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f348804240r.jpg) ![4761 NYS Route 86 - Photo 75](http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f758554692r.jpg) --- **MLS#:** 177599 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/4761-nys-route-86-wilmington-ny-12997-3cc33bd547c54e89bfe99da52d084c55) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/4761-nys-route-86-wilmington-ny-12997-3cc33bd547c54e89bfe99da52d084c55#listing", "url": "https://staging.propertysimple.ai/listing/4761-nys-route-86-wilmington-ny-12997-3cc33bd547c54e89bfe99da52d084c55", "name": "4761 NYS Route 86, Wilmington, NY 12997", "description": "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.", "image": [ "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1679047373r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1474647370r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f870779513r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f996535484r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1962674401r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1724624843r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f1761937775r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3410053864r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f3445146567r.jpg", "http://lh.rdcpix.com/7ff6ef5f4b5cbcfe6d38f1eb747b8942l-f4028235746r.jpg", 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