3400 Mount Vernon Ave Alexandria, VA 22305

This property presents a land redevelopment opportunity in the South Glebe submarket, characterized by a blend of convenience retail, neighborhood commercial services, and lower-density multifamily residences. The area is currently undergoing infill development. The site includes an older structure of uncertain use and occupancy, and is best considered a land value site. There is one upper-level apartment with 2 bedrooms and 1 full bath, currently occupied. 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, include a retail pad or QSR development for sale or long-term ground lease, and small-scale infill multifamily with surface or structured parking. There is also an assemblage opportunity with an 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.