Rex and Sons RV's Listing Details & Market Data

The property has excellent visibility with traffic counts of approximately 50,000 vehicles per day with over 180ft frontage on College Road. There is driveway access directly onto College Road and driveway access onto Spirea Drive. Oleander and Shipyard are also accessible via Spirea Drive and 41st Street.1546 S. College Rd is currently owner-occupied and operating as Rex and Sons RV's since 2006 where previously it operated as a Quincy's Restaurant and a car lot. The current owner is constructing a larger facility in New Hanover County with an anticipated relocation date of July 2023. Owner may consider a short-term sale-leaseback of the property while their new facility is being constructed with terms to be negotiated. The property features one 8,542+/- sf multipurpose building currently setup as office, showroom, parts and service built in 1983 expanded in 2009 and situated on approximately 1.14 acres. The property has excellent visibility with traffic counts of approximately 50,000 vehicles per day with over 180ft frontage on College Road. Access directly from College Rd and to Oleander and Shipyard via Spirea Drive and 41st Street. New roof with 10 year warranty on a portion of the office/showroom. Regional Business (RB) Zoning allows a variety of uses and features almost complete impervious coverage of the site with stormwater service by City of Wilmington. See page 7 for potential new College Rd and Oleander Dr interchange per WMPO and NCDOT.1546 S. College Rd is currently owner-occupied and operating as Rex and Sons RV’s since 2006 where previously it operated as a Quincy’s Restaurant and then a car lot. The current owner is constructing a larger facility in New Hanover County with an anticipated relocation date of May 2024. Owner will consider leasing the property with existing improvements or owner will consider a ground lease for redevelopment. The corner property features approximately 1.14 acres with one 8,542± SF multipurpose building currently setup as office, showroom, parts and service center. The building was constructed in 1983 and then expanded in 2009. The building has a new roof with 10 year warranty on a portion of the office/showroom. The property is zoned Regional Business (RB) which allows for a variety of uses. In addition, the site offers almost entirely impervious coverage with stormwater service by City of Wilmington.