Unlock the ultimate Adirondack investment at 5732-5734 NYS Rte 86. Boasting approximately 150 feet of pristine Ausable River frontage, this 5-unit complex is a powerhouse for recreation-based income. Located just 5 minutes from Whiteface Mountain Ski Resort and 15 minutes from Lake Placid, this is a premier location for a boutique lodge or a high-performing Short-Term Rental (STR) conversion. Investment Highlights: Unrivaled Location: World-class fly fishing in the backyard and Olympic-grade skiing down the road. Diverse Asset Mix: Includes four efficient units plus a detached single-family home, perfect for an on-site manager or premium vacation rental. Separately Metered: Utilities are independent per unit, optimizing operational overhead. Income: Currently generating $4,525/month with significant upside potential in the seasonal hospitality market. For the investor looking to capitalize on the Adirondack tourism boom, this riverfront property offers the rare combination of high-demand location and versatile development potential.
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.
Wilmington is located in New York. Wilmington, New York has a population of 1,184. Wilmington is less family-centric than the surrounding county with 17.89% of the households containing married families with children. The county average for households married with children is 22.25%.
The median household income in Wilmington, New York is $70,703. The median household income for the surrounding county is $61,563 compared to the national median of $69,021. The median age of people living in Wilmington is 51.1 years.
The average high temperature in July is 79.2 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 37 inches per year, with 71.5 inches of snow per year.
