$3,995,000

1908 Mount Vernon Ave Alexandria, VA 22301

Del Ray Neighborhood

Estimated payment $24,141/month

Total Views 61,677
-- Bed
-- Bath
13,096 Sq Ft
$305 Price per Sq Ft

Highlights

  • Panoramic View
  • No HOA
  • Halls are 36 inches wide or more
  • Federal Architecture
  • Home Security System
  • Central Air

About This Home

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 ready 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 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.

Listing Agent

Geoffrey Lindsay

Capital Realty Advisors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,467

Year Built

  • Built in 1946

Lot Details

  • 5,152 Sq Ft Lot
  • 115 E. Howell Ave. #14958500 117 E. Howell Ave. #14959000
  • Property is zoned CL, C-L zoning allows both commercial and residential. The two lots included on E. Howell Ave. are zoned RB, a residential zoning.

Property Views

  • Panoramic
  • City

Home Design

  • Federal Architecture
  • Art Deco Architecture
  • Brick Exterior Construction

Interior Spaces

  • 13,096 Sq Ft Home
  • Property has 3 Levels

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces
  • Parking Lot

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more

Schools

  • Mount Vernon Elementary School
  • George Washington Middle School
  • T.C. Williams High School

Utilities

  • Central Air
  • Heating System Uses Steam
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Del Ray Subdivision

Listing and Financial Details

  • Tax Lot 501
  • Assessor Parcel Number 14960010

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,467

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Art Deco, Federal
  • Accessibility Features: 36"+ Wide Halls, Elevator, 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1946
  • Remarks Public: 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 ready 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 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.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 13096
  • Living Area Sq Ft: 13096
  • Price Per Sq Ft: 305.05
  • Above Grade Finished Sq Ft: 13096
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1908

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Brick
  • View: City, Panoramic
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 11

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Steam
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • Elementary School: MOUNT VERNON
  • Middle School: GEORGE WASHINGTON
  • High School: T.C. WILLIAMS
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121139111593
  • School District Source: 3rd Party
  • Elementary School: MOUNT VERNON
  • High School: T.C. WILLIAMS
  • Middle Or Junior School: GEORGE WASHINGTON

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 115 E. Howell Ave. #14958500 117 E. Howell Ave. #14959000
  • Land Use Code: 45
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5152.00
  • Year Assessed: 2024
  • Zoning: CL
  • Zoning Description: C-L zoning allows both commercial and residential. The two lots included on E. Howell Ave. are zoned RB, a residential zoning.
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 27467.00
  • Assessor Parcel Number: 14960010
  • Tax Lot: 501
  • Tax Total Finished Sq Ft: 13096
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $28,733 $2,420,000 $664,608 $1,755,392
2023 $26,629 $2,399,000 $654,120 $1,744,880
2022 $26,629 $2,399,000 $654,120 $1,744,880
2021 $27,883 $2,512,000 $654,120 $1,857,880
2020 $38,539 $3,560,000 $654,120 $2,905,880
2019 $35,731 $3,162,000 $654,120 $2,507,880
2018 $33,086 $2,928,000 $654,120 $2,273,880
2017 $32,510 $2,877,000 $654,120 $2,222,880
2016 $30,108 $2,806,000 $654,120 $2,151,880
2015 $27,089 $2,597,230 $153,872 $2,443,358
2014 $24,888 $2,386,230 $153,872 $2,232,358
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Price Changed $3,995,000 +1.1% $305 / Sq Ft
07/23/2024 07/23/24 Price Changed $3,950,000 -11.7% $302 / Sq Ft
01/20/2024 01/20/24 For Sale $4,475,000 -- $342 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: VAAX2030462

Bright MLS

APN: 034.04-09-09

Virginia Alexandria County Alexandria 22301 Del Ray

1908 Mount Vernon Ave, Alexandria, VA

Homes for Sale in Alexandria, VA

This home is located at 1908 Mount Vernon Ave, Alexandria, VA 22301 and is currently priced at $3,995,000, approximately $305 per square foot. This property was built in 1946. 1908 Mount Vernon Ave is a home located in Alexandria City with nearby schools including Mount Vernon Community School, George Washington Middle School, and Alexandria City High School.

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Geoffrey Lindsay
Listing Agent
Geoffrey Lindsay
Section Image
Capital Realty Advisors
(571) 259-4032