A 19th-century cotton mill that overlooks the First Broad River in Cleveland County will be put up for auction Saturday by its Charlotte owner.
The 14.7-acre complex sits on a knoll 6 miles north of Shelby and has 1,478 feet of First Broad River frontage. Its centerpiece is a two-story, 45,457-square-foot building with such architectural features as heart-pine and steel posts, maple floors and hand-pounded brick.
The mill continued operating through most of the 20th century and was last used as a warehouse as recently as 1 1/2 years ago, according to the Charlotte auction firm Modern Brokerage, which will conduct the auction on-site at 1 p.m.
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Officials with Charlotte-based Masterson LLC, a real-estate holding company that owns the mill, estimate the vintage materials alone in the building have a market value of at least $200,000.
The mill is at 110 Moss Road in the unincorporated community of Double Shoals.
A 2007 study by Charlotte-based Insight Architects Inc. conducted for both Cleveland County and Preservation North Carolina said the mill could be converted into an event/cultural center, winery or farmers market, or as lodging or a recreation center.
Because of its river frontage, the site also is ideal for an outfitter or for riverfront homes or condominiums, according to the study.
“Our hope is that a savvy and sympathetic buyer will recognize the property’s historic potential, purchase the property and create a regional destination,” said Ted Alexander, western regional director for Double Shoals.
Because it’s on the National Register, the property is eligible for federal and state tax credits toward its revitalization, he said.
Double Shoals Mill
The auction will be at 1 p.m. Saturday on-site at 110 Moss Road, Double Shoals, by the Charlotte auction firm Modern Brokerage . The property will be sold to the highest bidder above $295,000. Details: Auctioneer Jason Dolph at 704-502-0388.