0 County Highway 6, Otego, NY 13825

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Property 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.

0 County Highway 6 | MLS# R1568348

This land located at 0 County Highway 6, Otego, NY 13825 is currently listed for sale with an asking price of $250,000. The property has approximately 5.44 Acres. County Highway 6 is located within the Unatego school district. Search Otego real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Land - Residential
Lot Size: 5.44 Acres
Taxes: $57

Amenities

See Remarks

Feature Descriptions

Body of Water: Otsdawa Creek
Days on Site: 523
Lot: Other, See Remarks, Cleared
Lot Dimensions: 0X360
Parcel#: 307.00-1-25.00
Sewer: None
Special View Info: Scenic
Utilities: Electricity Available, Sewer Not Available
Water: Spring
Water Features: River Access, Stream

Local Schools

School District: Unatego

Estimate Your Payment

Estimated Payment

$ 634.06 per month $556.39 Principal & Interest $4.75 Property Tax $72.92 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: EXIT Realty Homeward Bound
Agency Contact: 607-563-7012

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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