County Highway 6, Otego, NY 13825

Listing agent Suzanne Darling GRI License #10301204653 Show Phone

Listing office EXIT Realty Homeward Bound r***@exitnys.com 395 Main St, Oneonta, NY Show Phone

Listing date Sep 26, 2024

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MLS# R1568348 Listing URL

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Overview

This 5.44-acre complex, established in 1889, once served as the municipal water supply for the town of Otego. The property features existing infrastructure, including in-ground concrete reservoirs constructed around 1900 and piping connecting the springs to the reservoirs. Historical records indicate an estimated water production of over 200,000 gallons per week. Although the spring was abandoned in 1930, there is potential to restore the complex and increase production using modern technologies. The west branch of Otsdawa Creek runs through the property. The property is located in Otego, NY. 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. A right of way will be granted across the sellers adjoining land.

Map

City

Otego

County

Otsego

State

New York

Longitude

-75.19053

Latitude

42.423894

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FAQs

What type of property is this?

Commercial land - 5.44-acre spring water complex with restoration potential in Otego, NY.

Where is this commercial land located?

The property is located at County Highway 6 Otego, NY.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Spring Water Complex with potential for restoration and increased production.; Historic significance as a former municipal water supply with existing infrastructure.; Substantial water production capacity previously estimated at over 200,000 gallons per week.