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Contact Information
Matt Backus
Backus Real Estate
166 East Main Street
Chateaugay
NY
12920
518-497-7030
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Listing Details
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List Price:
$6,900,000
Property Status:
Active
MLS Number:
177599
Property Sub Type:
Business
Total SqFt:
4252
Lot Size Acres:
21.09
Address:
4761 NYS Route 86, Wilmington, NY 12997
Subdivision:
None
City:
Wilmington
County:
Essex
Accessibility Features:
Accessible Restroom
Appliances:
Electric Water Heater
Basement:
Full
Building Features:
Kitchen
Construction Materials:
Cooling YN:
Yes
Cooling:
Ductless, Wall Unit(s)
Directions:
From Lake Placid to Route 86 E toward Wilmington for 7.8 miles, High Falls Gorge will be on the left.
Electric:
200+ Amp Service
Exterior Features:
Lighting
Fencing:
Flooring:
Foundation Details:
Frontage Type:
Garage YN:
Covered Spaces:
Green Energy Efficient:
Green Energy Generation:
Heating YN:
Yes
Heating:
Electric, Oil, Other, Propane
Interior Features:
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Laundry Features:
Latitude:
44.347565
Longitude:
-73.876893
Lot Size Dimensions:
MLS Area Major:
Jay, Wilmington
New Construction YN:
Open Parking YN:
Open Parking Spaces:
Parking Features:
Parking Lot
Parking Total:
Property Condition:
Road Frontage Type:
None
Road Surface Type:
None
Roof:
Metal
Security Features:
Carbon Monoxide Detector(s), Fire Alarm
Sewer:
Stories Total:
Structure Type:
Total Baths:
0
Township:
Wilmington
Utilities:
Internet Available
Water Body Name:
Ausable West Branch
Water Source:
Spring
Waterfront YN:
Yes
Waterfront Features:
Year Built:
1980
Zoning:
Commercial
Virtual Tour URL Unbranded:
https://youtu.be/TzzY7Lq9Wa0
Public Remarks:
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.
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Listing Office Office Name: Engel & Volkers Lake Placid Real Estate
Listing Office Office Phone: 518-523-4404
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