Thank you
Geoffrey G Lindsay
Capital Realty Advisors
703-536-2100
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.
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Total Bedrooms : 0
Master Bedroom Level: 0
Total Baths: 0
Full Baths: 0
Water Source : Public
Cooling: Central A/C
Heating: Steam
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1946
Structure: Other
New Construction: No
Built: 1946
Construction Material: Block,Brick
Security System: Security System,Sprinkler System - Indoor
Architecture: Art Deco,Federal
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 5,152
Lot Size (Acres): 0.12
Architectural Style: Art Deco,Federal
Main Square Feet: 5,152
SQ ft: 13,096
SQ ft (Living Area): 13,096
Total Lot SQ ft: 5,152
View: City,Panoramic
Subdivision: DEL RAY
Total Acreage: 0.12
New Construction: No
Type: Art Deco,Federal
Possession: Settlement
Days Of Market: 70
Annual Tax: $24,709
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $2,399,000
Total Parking Spaces: 22
Parking Lot - # of Spaces: 22
Parking Type: Parking Lot
Has Garage: N
Direction: 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.
Elementary School: MOUNT VERNON
Middle OR Junior School: GEORGE WASHINGTON
High School: T.C. WILLIAMS
School District: ALEXANDRIA CITY PUBLIC SCHOOLS
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Elevators: 1
Direction: 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.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1 W Maple Street #101, Alexandria, VA,22301 | $465,000 | 2 | 1.0 | 965 | -- |
2226 King Street , Alexandria, VA,22301 | $3,695,000 | 7 | 6.5 | -- | 9000 Sqft |
207 W Glendale Avenue , Alexandria, VA,22301 | $1,649,900 | 5 | 3.5 | -- | 7680 Sqft |
701 Swann Avenue #303, Alexandria, VA,22301 | $815,000 | 2 | 2.0 | 1,227 | -- |
1800 Mount Vernon Avenu.., Alexandria, VA,22301 | $465,000 | 1 | 1.0 | -- | -- |
2007 Richmond Highway .., Alexandria, VA,22301 | $949,999 | 3 | 2.5 | 2,885 | -- |
2507 King , Alexandria, VA,22301 | $1,099,000 | 4 | 2.5 | 2,376 | 4715 Sqft |
1505 Russell Road , Alexandria, VA,22301 | $1,695,000 | 3 | 3.5 | 3,603 | 5670 Sqft |
1 E Uhler Avenue , Alexandria, VA,22301 | $2,250,000 | 6 | 5.5 | -- | 5750 Sqft |
400 Commonwealth Avenue.., Alexandria, VA,22301 | $515,000 | 2 | 1.0 | -- | -- |
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ByOwner last updated this listing 04/27/2024 @ 03:19
MLS: VAAX2030462
LISTED BY: Geoffrey G Lindsay , Capital Realty Advisors
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.