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Real Estate - Commercial

South College Road Property For Sale After Honda Dealership's Move

By Cece Nunn, posted Sep 24, 2020
The property at 821 S. College Road, which used to hold a car dealership, is for sale for more than $9.6 million. (Photo by Cece Nunn)
Prominent property on South College Road is up for sale after an auto dealership moved to a new facility on Market Street.

The spot that previously held Stevenson-Hendrick Honda at 821 S. College Road in Wilmington has been listed for sale at a price of a little over $9.6 million. 

Stevenson purchased the property in 1992. Over time the dealership grew from one building to three buildings totaling about 57,000 square feet on 7 acres, making it one of the largest dealerships in the Southeastern North Carolina, according to a news release.

Cody Cress, Tyler Pegg and Will Daube, with The CRESS Group of Coldwell Banker Commercial Sun Coast Partners, are the listing agents.  

"The site is still very functional and well set up for another local or national dealership to take advantage of the existing real estate," according to a CRESS Group news release. "The site is located within close proximity to the University of North Carolina at Wilmington at a prime hard corner with substantial road frontage and a traffic count of 77,000 +/- vehicles daily.

"This also makes it very attractive to major national retailers or for a repurpose of the property into something new."

Mark Johnson, executive vice president and sales manager of CBC Sun Coast Partners, said the property is unique.

“Sites this size and with frontage on this primary artery come along very rarely," Johnson said. "I expect this listing to garner a great deal of interest both locally and regionally.”
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