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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
Status:
Active
MLS Number:
177599
Street Direction Prefix:
Street Direction Suffix:
Street Number:
4761
Street Name:
NYS Route 86
Street Suffix:
Township:
Wilmington
Year Built:
1980
Lot Features:
Near Public Transit, Borders State Land
Lot Size Acres:
21.09
Lot Size Dimensions:
Accessibility Features:
Accessible Restroom
Appliances:
Electric Water Heater
Basement:
Full
Building Area Total:
4252.00
Building Features:
Kitchen
City:
Wilmington
Construction Materials:
Frame, Wood Siding
Cooling:
Ductless, Wall Unit(s)
County:
Essex
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
Enhanced Accessible:
Yes
Exterior Features:
Lighting
Fencing:
Flooring:
Foundation Details:
Block
Frontage Type:
Frontage Type: Frontage Length:
2000
Garage YN:
Green Building Verification Type:
Green Energy Efficient:
Green Energy Generation:
Heating:
Electric, Propane, Other, Oil
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Heating: Tank Location:
Horse YN:
Included:
Equipment, Furniture, Fixtures
Interior Features:
Land Tax Annual Amount:
$4,986
Laundry Features:
Open Parking Spaces:
Open Parking YN:
Parking Features:
Parking Lot
Parking Features: Covered Spaces:
Parking Total:
Postal Code:
12997
Property Sub Type:
Business
Property Type:
D
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, 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.
Road Frontage Type:
None
Road Surface Type:
None
Roof:
Metal
School District:
Lake Placid
Security Features:
Carbon Monoxide Detector(s), Fire Alarm
Sewer:
State:
NY
Stories Total:
Structure Type:
Subdivision Name:
None
Tax Annual Amount:
$8,364
Tax Assessed Value:
544400.00
Utilities:
Internet Available
View:
Mountain(s), Water, Trees/Woods, River
Water Body Name:
Ausable West Branch
Water Source:
Spring
Waterfront Features:
Waterfront Footage:
Waterfront YN:
Yes
Zoning:
Commercial
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Listing Office Name: Engel & Volkers Lake Placid Real Estate
Listing Office Office #: (518) 523-4404
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