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$3,950,000
208 Days Online

1908 Mt Vernon Ave
Alexandria, VA 22301

For Sale|Residential|Active
0
Beds
0
Full Baths
0
Partial Baths
13,096
SqFt
$302
/SqFt
1946
Built
Subdivision:
DEL RAY
County:
ALEXANDRIA CITY
Listing courtesy of Capital Realty Advisors

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1908 Mt Vernon Ave1908 Mt Vernon Ave1908 Mt Vernon Ave1908 Mt Vernon Ave
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Looking for an awesome location in the eclectic Del Ray neighborhood with a huge wow factor, and income from solid tenants to partially offset your mortgage? This 3-story brick building with art-deco elements is your answer. Referred to as “perhaps the most distinctive building” on Mt. Vernon Ave., AKA the “Main Street” of Del Ray, now you can put your own personal design stamp on a luxury residential conversion of the third floor of this 13,000 SF mixed-use building. Currently built out as high-end creative office space, it’s been intentionally left vacant for a new owner to carry out his/her own vision. Seller is offering it as is only. Conversion to residential on 3rd floor is at option/cost of Purchaser. Zoning is CL (Commercial Low), which allows residential over the existing commercial, up to four 1-BR units or a single unit as proposed. Renderings for a 3-BR, 2-BA, approx. 3,500 SF floor are included in the offering as an example of what the space could look like if converted. An interior staircase on the third floor leads to the wow factor--a small penthouse space and a rooftop deck, where you’ll see outstanding views of both Del Ray and the greater Alexandria area. Rooftop decks are fast becoming a major value-added feature in urban development, and here’s an opportunity to maximize this space too. Included in the offering, and must be sold with, are 115 E. Howell Ave. (2,875 SF; Tax ID 14958500) and 117 E. Howell Ave. (2,875 SF; Tax ID 14959000), both zoned RB residential. 1908 Mt. Vernon Ave. (Tax ID 14960010), is the “parent” parcel of these lots and its assessment includes their value. The residential lots are used for parking by the commercial tenants under a special-use permit that will need to be renewed by the new owner. A big plus to a new owner are the 22 parking spaces on these lots, incredible to find anywhere in Alexandria. The second floor office space was upgraded with last year with new carpet and paint at a cost of $30,000, and the existing third floor office space underwent a $230K renovation in 2008, including skylights. Ground floor tenant USPS and second floor iData just renewed leases for a 5-year extension effective January 2024, providing $225,000 in gross income, before expenses. Property is also listed under Commercial. See MLS# VAAX2029718.

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Listing Snapshot
Price 
$3,950,000
Days Online 
208 Days
Bedrooms 
N/A
Inside Area (SqFt) 
13,096 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.12 Acres
Year Built 
1946
MLS® Number 
VAAX2030462
Status 
Active
Property Tax 
$27,467
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoPrice changed to $3,950,000
7 months agoListing first seen online
9 months agoListing updated with changes from the MLS®
General Features
Acres 
0.12
Number Of Stories 
3
Parking Spaces 
22
Security 
Security System
Sewer 
Public Sewer
SqFt Above 
13096
SqFt Total 
13096
Style 
Art DecoFederal
Water Source 
Public
Zoning 
C-L zoning allows both commercial and residential. The two lots included on E. Howell Ave. are zoned RB, a residential zoning.
Interior Features
Cooling 
Central Air
Heating 
SteamNatural Gas
Interior 
Elevator
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Exterior Features
Construction Details 
Brick
View 
CityPanoramic
Waterview 
CityPanoramic
Community Features
School District 
ALEXANDRIA CITY PUBLIC SCHOOLS
Schools
School District
ALEXANDRIA CITY PUBLIC SCHOOLS
Elementary School
MOUNT VERNON
Middle School
GEORGE WASHINGTON
High School
T.C. WILLIAMS
Listing courtesy of Capital Realty Advisors



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Neighborhood & Commute
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