Change Real Estate Presents:

1908 Mt Vernon Avenue
Alexandria VA 22301

Sold for $3,240,000.00 Closed

Close Date: 2026-01-15

Alexandria
5,152 land ft2

About This Property

* 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, once 2nd floor lease expires, 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.

Listing Agent: Geoffrey G Lindsay. Capital Realty Advisors 703-536-2100 geoff@caprealtyadv.com

Virtual Tours / Videos

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Property Features

Location Information
County:
Subdivision: DEL RAY
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Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Central A/C
Heating: Steam
Fireplaces: None
Windows:
Utilities:
Sewer: Public Sewer
Exterior Features
Year Built: 1946
Subdivision Name: Del Ray
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Geoffrey G Lindsay. Capital Realty Advisors 703-536-2100 geoff@caprealtyadv.com

Property Photos [Click to enlarge]

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