BUSINESS OPPORTUNITY: 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.
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.
Property Details
Price:
$299,000
MLS #:
R1568348
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
Other
Neighborhood:
otego364889
Listed Date:
Sep 26, 2024
Lot Size:
236,966 sqft / 5.44 acres (approx)
See this Listing
Schools
School District:
Unatego
Interior
Exterior
Exterior Features
See Remarks
Lot Features
Other, See Remarks, Cleared
Other Structures
None
View
Scenic
Waterfront Features
River Access, Stream
Financial
Taxes
$57
Map
Community
- Address0 County Highway 6 Otego NY
- CityOtego
- CountyOtsego
- Zip Code13825
Market Summary
Property Summary
- 0 County Highway 6 Otego NY is a Land for sale in Otego, NY, 13825. It is listed for $299,000 and features 5 acres.
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Courtesy of EXIT Realty Homeward Bound. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 0 County Highway 6
Otego, NY