3400 Mount Vernon Ave, Alexandria, VA 22305
sale
$1,399,000
|
Other
Courtesy Of Long & Foster Real Estate
Land / Redevelopment Opportunity - South Glebe Offered for sale is a prime redevelopment site located in the South Glebe submarket, an infill corridor featuring a mix of convenience retail, neighborhood-serving commercial, and lower-density multifamily uses. The area is transitional in nature and experiencing ongoing infill activity. The property is improved with an older structure of uncertain use and occupancy; however, the offering is best considered a land value site, with the existing improvements assumed to be a scrape. There is currently one upper level apartment, currently occupied, with 2 bedrooms and 1 full bath. The site is surrounded by a variety of uses, including a national fast-food operator immediately adjacent, older townhomes to the rear, a smaller surface-parked multifamily property to one side, and neighborhood retail across the street. This diverse context supports a wide range of potential redevelopment scenarios. Potential Uses (Subject to Zoning & Approvals): 1. Retail pad or QSR development (sale or long-term ground lease) 2. Small-scale infill multifamily with surface or structured parking Assemblage opportunity with adjacent multifamily property for larger residential or mixed-use development This offering provides investors and developers with multiple paths to value creation in a well-located, evolving submarket.
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Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Architecture Style: Other
- Cooling System: Ceiling Fan(s)
- Exterior Type: Vinyl Siding
- Heating System: Hot Water (Heating)
- Heating System: Other (Heating)
- MLSID: VAAX2053068
- Roof Type: Fiberglass
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