1908 MT VERNON AVE, Alexandria, VA 22301 – VAAX2030462

Alexandria, VA 22301,1908 MT VERNON AVE,Video Tour

See all 7 photos

7 photos

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$3,950,000

Est. payment - /mo

13,096 SqFt

Save Virtual Tour

UPDATED:

08/14/2024 08:43 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,096 sqft

Price per Sqft $301

Subdivision Del Ray

MLS Listing ID VAAX2030462

Style Art Deco,Federal

HOA Y/N N

Abv Grd Liv Area 13,096

Originating Board BRIGHT

Year Built 1946

Annual Tax Amount $27,467

Tax Year 2024

Lot Size 5,152 Sqft

Acres 0.12

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, 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.

Location

State VA

County Alexandria City

Zoning CL

Interior

Hot Water Natural Gas

Heating Steam

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 22.0

Water Access N

View City, Panoramic

Accessibility 36\"+ wide Halls, Elevator, 32\"+ wide Doors

Total Parking Spaces 22

Garage N

Building

Story 3

Sewer Public Sewer

Water Public

Architectural Style Art Deco, Federal

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Mount Vernon

Middle Schools George Washington

High Schools T.C. Williams

School District Alexandria City Public Schools

Others

Senior Community No

Tax ID 14960010

Ownership Fee Simple

SqFt Source Assessor

Security Features Security System,Sprinkler System - Indoor

Special Listing Condition Standard

Read Less Info

Listed by Geoffrey G Lindsay • Capital Realty Advisors

GET MORE INFORMATION

Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262