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 | 102 |
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