In the last 10 years, the City has sold more than $84 million of surplus real estate (returning that property to the City’s tax rolls). Asset Management generates approximately $2.3 million per year in gross revenue for the City through the lease of real property and manages more than 100 leases for the City as both lessor and lessee.
The Asset Management section’s expertise and ability to work with the community, local, state and federal governments provides it with a wide-ranging capacity to serve the public.
See below to view details of current surplus properties for sale. Most properties sold by the City are purchased through the upset bid process. Please see the guide in the left column for more information about this process.
The City uses the services of an outside broker to market residential surplus. Please contact Showcase Realty at 704-997-3794 for more information about these properties.
Click here to view frequently asked questions about Asset Management.
Robert W. Drayton, Asset Management Supervisor, 704-336-3300