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.
Active
$250,000
0 County Highway 6 #25, Otego, NY 13825
--beds
0baths
5.44Acres
Unimproved Land
Built in ----
5.44 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 323 days
- on Zillow |
- 56 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: September 30, 2024 at 10:46am
Listing by:
EXIT Realty Homeward Bound 607-353-8060,
Suzanne Darling GRI 607-563-7012
Source: NYSAMLSs,MLS#: R1568348
Originating MLS: Otsego-Delaware

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Has fireplace: No
Property
Features
- Exterior features: See Remarks
- Has view: Yes
- View description: Scenic
- Waterfront features: River Access, Stream
- Body of water: Otsdawa Creek
- Frontage length: 660
Lot
- Size: 5.44 Acres
- Dimensions: 0 x 360
- Features: Other, See Remarks, Cleared
Details
- Additional structures: None
- Parcel number: 307.00125.00
- Special conditions: Standard
- Wooded area: 0
Utilities & green energy
- Sewer: None
- Water: Spring
- Utilities for property: Electricity Available, Sewer Not Available
Community & HOA
Location
- Region: Otego
Financial & listing details
- Tax assessed value: $2,200
- Annual tax amount: $57
- Date on market: 9/26/2024
- Listing terms: Cash,Conventional,Other,See Remarks
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