1908 Mt Vernon Ave, ALEXANDRIA, VA

$4,475,000

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13,096

Square feet

0.12

Acres

About 1908 Mt Vernon Ave

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.

Features of 1908 Mt Vernon Ave

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

Zoning CL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCapital Realty Advisors
Contact Info(703) 536-2100

Listing Map

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