Former Stevenson-Hendrick Honda Facility - FOR SALE

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30639787
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Status: Pending
Building Size (RSF): 57,306 SF
Gross Land Area: 7 Acres
Sale Price: $9,625,000
Unit Price: $167.96 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 57,306 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

821 S. College Road is approximately 7 acres and has been home to the Stevenson Hendrick Honda Dealership since 1988. The Honda Dealership has recently relocated to their new building on Market Street, making this site available for a future dealership, property re-purpose or for redevelopment.

This property currently offers (3) three buildings totaling approximately 57,306 SF and is located at the signalized intersection of Wilshire Blvd and S. College Road with traffic counts of 77,000 vehicles daily. The property is within close proximity to the University of North Carolina at Wilmington and other major retailers operating off of S. College. The building structures have concrete foundations, metal frame, and pitched metal roof. The showroom and office areas in the larger two buildings are 100% heated, cooled and protected by a fire sprinkler system. An onsite water retention pond and additional non-porous parking lot make the site ideal for businesses with a heavy parking need. The buildings could also be set up and utilized/leased by different businesses/tenants with the appropriate deal structure.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R05515-004-004-000, R05515-004-005-000, R05519-003-004-000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Visibility: Excellent
Largest Nearby Street: S. College Road
Feet of Frontage: 350
Traffic/Vehicle Count: 77,000
Highway Access: I-40
Airports: ILM
Area Description: Located on South College Road at the stoplight intersection of S College Rd & Wilshire Blvd. The property straddles Wilshire Blvd with parcels on both sides of Wilshire Blvd.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Excellent
Year Built: 1988
Year Renovated: 2016
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Air Conditioning: Engineered System
Zoning Description: RB - Regional Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,895 80,746 140,301
Median Age: 32.53 35.71 36.89
Households: 5,913 34,939 60,681
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