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MLS#206376

5732&5734 NYS Route 86 , Wilmington

$380,000
1.01 ac
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.
Listing courtesy of Coldwell Banker Whitbeck Assoc-Saranac Lake

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Property Information

Price:
$380,000380000
MLS#:
206376
Type:
Commercial
Area: Wilmington, New York
Acres:
1.01
Zoning:
Mixed
School District:
Lake Placid
Tax Map:
26.6-5-12.000
Total Taxes:
$6,612
Year Built:
1935
Stories:
2
Garage / Carport:
No