1908 MT VERNON AVENUE, ALEXANDRIA, VA 22301

$3,950,000

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… Read More ''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 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 are both on 5-year leases expiring 12/31/2028. USPS has one additional 5-year option. $225,000 in gross income, before expenses. Property is also listed under Commercial. See MLS# VAAX2029718. Read Less

Courtesy of Geoff Lindsay, Capital Realty Advisors, [email protected].

Listing Snapshot

Days Online

341

Last Updated

Dec 25, 2024

Property Type

Other

Square Ft.

13,096

Lot Size

0.12 Acres

Year Built

1946

MLS Number

VAAX2030462

30 Days Snapshot Of 22301

$1,217k

-27%

(avg) sold price

-41%

homes sold

-23%

(avg) days on market

Snapshot

Area Map

Additional Details

Lot

0.12 acres, 5,152 sqft

Appliances & Equipment

1 elevator

Building

13,096 sqft living area, 13,096 sqft above grade (finished), Built in 1946, 3 levels, Art Deco, Federal, Block, Brick

Cooling

Central Air, Electric, Central A/C

Accessibility Features

36+ wide Halls, Elevator, 32+ wide Doors

Heating

Natural Gas, Steam

Property

Additional Parcels, Other Structures: Above Grade, Below Grade, View: City, Panoramic

Sewer

Public Sewer

Taxes

City/Town Tax: $27,467, City/Town Tax Pymnt Freq: Annually, Tax Annual Amount: $27,467, Tax Year: 2024

Utilities

Hot Water: Natural Gas

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1908 MT VERNON AVENUE

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