- For Sale $380,000
- Property Type Multi-Family
- Units 5
- Lot Size 1.01 Acre
- Year Built 1935
- Date Updated Aug 7, 2026
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
- Age: Over 50 Years Old
- Amenities: Fly Fishing
- Amenities: Recreational Area
- Area Amenities: Area Fishing
- Area Amenities: Area Hiking
- Area Amenities: Area Hunting
- Area Amenities: Area Skiing
- Area Amenities: Area Snowmobiling
- Area Amenities: Outdoor Activities
- Area Description: Mountain
- Area Description: Skiing
- Body of Water: River
- Diverse Asset Mix : Includes four efficient units plus a detached single-family home, perfect for an on-site manager or premium vacation rental.
- Income: Currently generating $4,525/month with significant upside potential in the seasonal hospitality market.
- Lot Size: 1-2 Acres
- Road Type: State Road
- Separately Metered : Utilities are independent per unit, optimizing operational overhead.
- Sewer: Septic
- Unrivaled Location: World-class fly fishing in the backyard and Olympic-grade skiing down the road.
- Views: Water
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Contacts
PJ Whitbeck
Coldwell Banker Commercial Whitbeck
Jack Newberry
Coldwell Banker Commercial Whitbeck
Location
Contact 5732 NYS Route 86
