5732&5734 NYS Route 9N
$380,000
5732&5734 NYS Route 9N Wilmington, NY 12997
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About this listing
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. 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.
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.
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Building Size
3,104 sqft
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Lot Area
1.01 acres
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Units
5
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Year Built
1935
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MLS ID
206376, 206377
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Baths
5
Details
- • Annual Tax: $ 6589.41
- • Average Occupancy Rate: 100.0
- • Area Amenities: Area Snowmobiling
- • Water: Municipal Water
- • Views: Water
- • Lot Size: 1-2 Acres
- • Age: Over 50 Years Old
- • Amenities: Recreational Area
- • Road Type: State Road
- • Area Description: Skiing
- • Sewer: Septic
- • Body Of Water: River
