Land for Sale in Otego, New York

County Highway 6 Otego, NY 13825

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$250,000
5.44 acres
Active sale agoEst $1,818/mo

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.

Directions

from Otego NYS 7 to CR 7 to CR 6 to property on left

Location

Street Address
County Highway 6
School District
Unatego
Elevation
1,493 feet
Coordinates
42.4239, -75.1905

Property details

MLS Number
BNAR R1568348
Date Posted

Property taxes

Recent
$57

Parcels

  • 307.00-1-25.00

This 5.44-acre property is located at County Highway 6 in Otego, NY 13825 with latitude 42.4239 and longitude -75.1905. The property is currently available for sale for $250,000 with a price per acre of $45,956. Listing data is sourced from Western New York Real Estate Information Services # R1568348.

Verify sale details at the property source or contact EXIT Realty Homeward Bound at (607) 353-8060.

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Updated . Checked 1 hour ago. Parcel data by Regrid.

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