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Listed price in listed location currency (USD).
$250,000

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MLS® R1568348

  • Key Facts
  • Description
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Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $57
Days Active 462
Lot Size 5.44 acres
Approx. Age 
MLS® Number R1568348

Property Address: 0 County Highway 6, Otego, NY, 13825

Average square foot calculated using Size range provided by listing agent.

Description

Spring Water Complex Looking for an entrepreneurial opportunity? A 5.44-acre spring water complex built in 1889, which at one time served as the municipal water supply for the town of Otego, is available for purchase. All old infrastructure is in place, including in-ground concrete reservoirs built during an improvement project in 1900 and piping leading from the springs to the reservoirs. The spring was abandoned in 1930 due to increased demand from development in the town. At one time the estimated water production was over 200, 000 gallons per week. The opportunity to restore the complex still exists, and in fact the production potential can be increased by applying modern technologies. A right of way will be granted across the sellers adjoining land. Seller will consider financing with 50% down for a maximum of 10 years or 3 years from when the buyer begins producing spring water, whichever is sooner. The west branch of Otsdawa Creek runs through the property.
MLS® NumberR1568348
Laundry Level
Central VacNo
FireplaceNo
Acreage5.44
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 26, 2024List Date
$250,000List Price
  • Commute

Commute

Starting Address
Destination Address
0 County Highway 6, Otego, NY

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