1908 Mt Vernon Ave

Alexandria, VA 22301 View Map $4,475,000 Schedule a Tour
Sq.Ft.13,096
Year1946

Aty Biswese

(202) 831-9131

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Status: Active
Property Type:Residential
MLS #:VAAX2030462
Sq. Feet:13,096
On Site:45 Days
Lot Size:0.12 Acres
County:Alexandria City
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. A big plus of this location is if the proposed arena at Potomac Yards gets approved, it's only about a mile away, and new owner can walk to/from the Wizards or Capitals games, with no parking hassles.
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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$000 Monthly Payment
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Community Information

Address:1908 Mt Vernon Ave, Alexandria, VA 22301
Subdivision:Del Ray
Zip Code:22301

School Information

High School:T.C. WILLIAMS
Middle School:GEORGE WASHINGTON
Elementary School:MOUNT VERNON

Architecture

Year Built:1946
Stories:3
Style:Art Deco,Federal
Construction: Block, Brick

Features / Amenities

Security System: Security System, Sprinkler System - Indoor
Sub Structure Types: Above Grade, Below Grade
Cooling: Central A/C
Cooling Fuel: Electric
Heating: Steam
Heating Fuel: Natural Gas
Hot Water: Natural Gas

Square Footage

Finished Sq. Ft.
Above Grade 13096
Below Grade 0
Total 13096

Property Features

Lot Size: 0.12 Acres
Parking Lot - # of Spaces: 22
View: City, Panoramic
Sewer: Public Sewer
Water: Public
Zoning:CL
Directions:From Beltway/495, take exit 176B onto SR-241 North, Telegraph Rd toward Alexandria. In 0.6 mile, take a slight right turn onto SR-236 East toward Downtown Alexandria. In 0.5 mile, take a slight left turn onto Callahan Dr. In 0.4 mile turn right onto W Linden St. In 0.1 mile, turn left onto Commonwealth Ave. In 0.9 mile, turn right onto E Howell Ave. In 0.2 mile turn right. In 98 ft, turn left. In 62 ft, the destination is on your left.

Tax and Financial Info

Total Taxes: $24,709 (paid Annually)
Tax Year: 2023
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $24,709.00 (Annually)

Schools

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1908 Mt Vernon Ave Alexandria,  VA 22301
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1908 Mt Vernon Ave Alexandria, VA 22301
 
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Listing Information Last Updated 3/4/2024
Listing provided courtesy of Capital Realty Advisors.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than The Nid Group are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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