Loading
1908 MT VERNON AVE
Alexandria, VA 22301
Quick Facts
- Year Built:1946
- Lot Size:0.12 acres
Description:
* Prime Location in Heart of Del Ray * Perfect for User/Investor * Private Parking on E. Howell Ave. Lots * Residential conversion opportunity * This unique property in the heart of Alexandria’s vibrant and popular Del Ray neighborhood offers an opportunity for users, investors, and even residential buyers, as well as featuring a strong value-add component. And it’s offered at a below-market rate of $267/SF—vs. sold comps averaging $379/SF. For users, operate your business on the third floor while you benefit from $225,000+ in gross annual income from two existing tenants, USPS and iData, each of which exercised options to extend leases through 12/31/28. USPS has one more 5-year option thereafter. For investors, lease up the third floor either as is for professional office, or medical, legal, government contractor, trade assn. or professional society, or target other uses allowed under CL zoning, such as spa or fitness studio. Among the value-add scenarios is to convert the third floor to residential, specifically four 1-BR apartments, that could command up to $2,350 per unit in rent, based on a recent nearby lease comp. Or, for a residential buyer, convert the 3rd floor to a luxury 3-BR unit. Looking ahead, if 2nd floor tenant doesn’t renew, this floor could also be converted to residential under the Mt. Vernon Overlay plan, for a total of 8 1-BR units (assuming 3rd floor was converted to 4 1-BRs). A big plus to a new owner are the parking spaces on the two RB residential lots on E. Howell Ave. Two recent sold comps had zero off-street parking. Property is also listed under Residential. See MLS# VAAX2030462.
| Status | Active |
| Added to RealtyWatch | December 12, 2023 - 595 days ago |
| Listing Office | Capital Realty Advisors, Geoffrey G Lindsay |
| MLS ID | VAAX2029718 |
Schedule a Showing
Interior
- A/C: Central A/C
- Heating: true, Steam, Natural Gas
- Disability Feature: Elevator
Construction
- General: Block, Brick
Location
- Road/Access: 50
- Originating MLS: BRIGHT_MAIN
- School District: ALEXANDRIA CITY PUBLIC SCHOOLS
- County: ALEXANDRIA CITY-VA
Lot
- Zoning: CL, 14960010
- View: City, Panoramic
Utilities
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.