Views
Listed By:
Capital Realty Advisors
Address
1908 Mt Vernon Avenue, Alexandria, VA
Price
$ 4,475,000
Property Attributes
  • MLS#VAAX2030462
  • TypeSingle Family
  • CountyALEXANDRIA CITY
  • CityAlexandria
  • NeighborhoodDel Ray
  • Zip22301
  • StyleArt Deco,Federal
  • Year Built1946
  • Taxes$ 24709
  • Price$ 4,475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage13096
  • Lot Size5,227 SqFt
Data Source:
Bright MLS
Property 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, its 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 youll 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 heres 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.

Elementary School Middle School High School
Mount Vernon Elementary School George Washington Middle School T.C. Williams High School
Price History
1/20/2024 Listed $4,475,000

General Features

Sewer Public Sewer
Heating Steam
Cooling Central A/C
Possession Settlement
Zoning CL
Pool Y/N No Pool
Architectural Style Art Deco,Federal
Security Features Security System,Sprinkler System - Indoor
Construction Materials Block,Brick
Year Built 1946
View City,Panoramic
Levels 3
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility 36 + wide Halls,Elevator,32 + wide Doors
Additional Parcels Description 115 E. Howell Ave. #14958500 117 E. Howell Ave. #14959000
County ALEXANDRIA CITY
New Construction No
Property Type Residential
HOA / Comm Assn No
Subdivision Name DEL RAY
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
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 tur
ModificationTimestamp 2024-04-29T18:34:35
City ALEXANDRIA
Buyer Agent Compensation 2.5
Disclosures Lead Based Paint - Federal,Prop Disclosure
Senior Community Y/N No
Zoning Description C-L zoning allows both commercial and residential. The two lots included on E. Howell Ave. are zoned RB,a residential zoning.
Lot Size Square Feet 5152.00
Tax Assessed Value 2399000.0
Waterfront Y/N No
Street Name MT VERNON
Tax Annual Amount 24709.0
Structure Type Other
Condo/Coop Association Y/N No
Bathrooms Count Main Level 0.00
Price Per Sq Ft 341.71
Additional Parcels Y/N Yes
Vacation Rental Y/N No
Virtual Tour https://my.matterport.com/show/?m=BNTPR4aQ1ax&play=1&qs=0&help=2&
Total SQFT 13096
Days on Market 101
Standard Status Active
Year Built Source Assessor
Tax Lot 501
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) No
Heating Y/N Yes
Fireplace Y/N No
Above Grade Finished Area 13096
Street Suffix AVENUE
Central Air Y/N Yes
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Unfin Area Units Square Feet
Below Grade Unfin SQFT Source Assessor
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Number of Elevators 1

Exterior Features

Water Source Public
Total Parking Spaces 22
Type of Parking Parking Lot
Land Use Code 45
Water View Y/N No
Lot Size Acres 0.12
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 654120.00
Navigable Water Y/N No
Water Oriented Y/N No
Parking Lot - # of Spaces 22

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 22301

Price
AVG $2.29M
$4.48M
Taxes
AVG $14,321
$24,709
Visits
AVG 338
948
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1946

Areas We Cover