Listing photo for 1908 Mt Vernon Ave, ALEXANDRIA, VA
Listing photo for 1908 Mt Vernon Ave, ALEXANDRIA, VA
Listing photo for 1908 Mt Vernon Ave, ALEXANDRIA, VA
Listing photo for 1908 Mt Vernon Ave, ALEXANDRIA, VA
Listing photo for 1908 Mt Vernon Ave, ALEXANDRIA, VA
Listing photo for 1908 Mt Vernon Ave, ALEXANDRIA, VA
Previous View the Previous slide Next View the next slide

1908 Mt Vernon Ave,

ALEXANDRIA, VA

$4,475,000

13,096 Sqft
0.12 Acres

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.

Facts & Features
MLS® # VAAX2030462
Price $4,475,000
Bathrooms 0.00
Square Footage 13,096
Acres 0.12
Year Built 1946
Type Residential
Sub-Type Other
Style Art Deco, Federal
Status Active
Community Information
Address 1908 Mt Vernon Ave
Subdivision DEL RAY
City ALEXANDRIA
County ALEXANDRIA CITY-VA
State VA
Zip Code 22301
Amenities
View City, Panoramic
Is Waterfront No
Interior
Heating Steam
Cooling Central A/C
Has Basement No
Fireplace No
# of Stories 3
Stories 3
Exterior
Exterior Block, Brick and Siding
School Information
District ALEXANDRIA CITY PUBLIC SCHOOLS
Elementary MOUNT VERNON
Middle GEORGE WASHINGTON
High T.C. WILLIAMS
Additional Information
Date Listed January 20th, 2024
Days on Market 91
Zoning CL
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Capital Realty Advisors
Office Contact (703) 536-2100

Metropolitan Regional Information System Logo
© 2019 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Berkshire Hathaway HomeServices PenFed Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Listing information last updated on April 20th, 2024 at 1:15am CDT.