5732&5734 NYS Route 86, Wilmington, NY 12997
Wilmington, NY 12997
******** Full Bath, ******** partial baths | Commercial Sale
43995.6
sq ft, lot: 1.01 Acres
MLS# 206376
$380,000.00
FOR SALE
DESCRIPTION
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.
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Courtesy of : Coldwell Banker Whitbeck Assoc-Saranac Lake Email: ******** |
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