Mount Holly has property for sale!
City leaders hope real estate agents can help bring in more than $1 million from the sale of surplus property. L&E Properties of Mount Holly is attempting to sell the former police department on N.C. 27 and the 1.4 acres on N.C. 273 originally slated for an ABC store. The properties have been listed for more than a month.
City officials purchased the property for $500,000 in 2005, two years after the alcohol referendum passed. The current listing price is $749,000.ABC store property – typically purchased by an ABC board – was snatched up by city council in preparation of a store, Guffey said. Once planned as a shared project with Gastonia and Mount Holly, that partnership never came to fruition, and officials decided the undertaking was too great for one municipality.
The Mount Holly ABC Store opened October 2005 in a storefront in Springs Crossing beside Food Lion on N.C. 273. The ABC board leased the space until October 2008 when it moved into a neighboring store that will now be purchased outright for $800,000.
No city funding is necessary for such a project. In fact, when the ABC store starts turning a significant profit, the city stands to gain some of the gains. For now, the ABC store gives 6 percent of its receipts to the police department. That adds up to about $3,500 a year (source)