Estimated payment $1,571/month
Highlights
- River Access
- Views
- Spring water is a source of water for the property
- 5.44 Acre Lot
- Home fronts a stream
About This Lot
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.
Listing Agent
Listing by EXIT Realty Homeward Bound Brokerage Phone: 607-563-7012 License #10301204653 Listed on: 09/26/2024
Property Details
Property Type
- Land
Lot Details
- 5.44 Acre Lot
- Lot Dimensions are 0x360
- Home fronts a stream
- Cleared Lot
Outdoor Features
- River Access
Utilities
- Spring water is a source of water for the property
- Sewer Not Available
Additional Features
- Property Views
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number 307.00-1-25.00
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2024 09/26/24 | For Sale | $250,000 | -- | -- |
Source: Otsego-Delaware Board of REALTORS®
MLS Number: R1568348
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