0 County Highway 6 Otego, NY 13825
5.44 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID R1568348
HOA Y/N No
Annual Tax Amount $57
Lot Size 5.440 Acres
Acres 5.44
Lot Dimensions 0X360
Property Sub-Type Other
Property Description
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.
Location
State NY
County Otsego
Area Otego-364889
Direction from Otego NYS 7 to CR 7 to CR 6 to property on left
Body of Water Otsdawa Creek
Interior
Fireplace No
Exterior
Exterior Feature See Remarks
Utilities Available Electricity Available, Sewer Not Available
Waterfront Description River Access,Stream
View Y/N Yes
View Scenic
Building
Lot Description Other, See Remarks, Cleared
Sewer None
Water Spring
Additional Building None
Schools
School District Unatego
Others
Senior Community No
Tax ID 307.00-1-25.00
Acceptable Financing Cash, Conventional, Other, See Remarks
Listing Terms Cash, Conventional, Other, See Remarks
Special Listing Condition Standard