1908 Mt Vernon Avenue Alexandria, VA 22301
Listing Courtesy of: BRIGHT IDX / Capital Realty Advisors

  1908 Mt Vernon Avenue Alexandria, VA 22301

Active (266 Days)
$3,950,000
13,096
SQFT

Description

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.

MLS #:
VAAX2030462
Taxes
$27,467(2024)
Lot Size
5,152 SQFT
Type
Single-Family Home
Year Built
1946
Style
Federal, Art Deco
School District
Alexandria City Public Schools

Listed By

Geoffrey G Lindsay, Capital Realty Advisors
Source
BRIGHT IDX
Last checked Oct 10 2024 at 9:50 PM GMT+0000
Bathroom Details
Subdivision
  • Del Ray
Property Features
  • Below Grade
  • Above Grade
Heating and Cooling
  • Steam
  • Central A/C
Exterior Features
  • Brick
  • Block
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
School Information
  • Elementary School: Mount Vernon
  • Middle School: George Washington
  • High School: T.c. Williams
Stories
  • 3
Living Area
  • 13,096 sqft
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/10/24 14:50