315 Albemarle Ave SE - Industrial FOR SALE


Roanoke, VA 24013- South Jefferson
$3,900,000 USD
540-520-6399
315 Albemarle Ave SE, Roanoke, VA for Sale
$3,900,000 USD
Industrial - FOR SALE
1/43
null | Request Cap Rate

315 Albemarle Ave SE
Roanoke, VA 24013
South Jefferson


OVERVIEW

The Virginia Can Company Complex is a 46,000 square foot commercial mixed-use facility located just outside downtown Roanoke, Virginia. Positioned near the city’s Innovation Corridor, this historic industrial property offers flexible space configurations ideal for tenants in biotech, healthcare, education, creative industries, and light manufacturing. ?? Prime Location - Adjacent to Carilion Roanoke Memorial Hospital, the Virginia Tech Carilion School of Medicine, and the Fralin Biomedical Research Institute—forming a dynamic hub for healthcare and life sciences. - Within walking distance of the upcoming Virginia Tech–Roanoke City–Johnson & Johnson coworking wet labs, scheduled to open [insert date], designed to support biotech startups and collaborative research. - Nearby institutions include Radford University’s Nursing School, further reinforcing the area’s educational and medical synergy. - Minutes from downtown Roanoke’s restaurants, retail, and cultural destinations, with easy access to I-581 and public transit. ??? Property Overview - Total Area: 46,000 SF across multiple floors and wings. - Zoning: Mixed-use, allowing for a wide range of commercial applications. - Architecture: Historic brick exterior with industrial character, large windows, and high ceilings—ideal for adaptive reuse and branding. - Parking: On-site and nearby options available. - Loading Access: Multiple entry points for deliveries and logistics. ?? Interior Spaces - Main Warehouse Hall: Expansive open floor plan with 20+ foot ceilings, exposed beams, and natural light—ideal for light manufacturing, studio work, or collaborative office buildouts. - Office Suites: Multiple enclosed rooms with flexible layouts, suitable for administrative teams, startups, or private practices. - Creative Studios: Character-rich spaces with original architectural details, perfect for design firms, makerspaces, or gallery-style retail. - Basement Level: Utility-ready space with potential for storage, fabrication, or specialized lab buildouts. - Upper Floors: Configurable for coworking, educational use, or private offices, with views of the surrounding district. ?? Innovation-Ready With its proximity to Roanoke’s leading medical and biotech institutions, the Virginia Can Company Complex is ideally suited for: - Research labs and wet lab expansion - Healthcare-adjacent services - Educational satellite programs - Creative and tech startups - Office and Warehouse Storage - Retail and Residential Spaces - Entertainment Venues - Light industrial or maker operations

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Virginia Can Company Complex

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Restaurant, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93

LAND SF

40,511

ZONING

D

APN/PARCEL ID

402-2102,4022101,4022105

ASK ABOUT THIS PROPERTY

Neal BrennerAJAG Real Estate, LLCMore Info
540-520-6399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Neal BrennerAJAG Real Estate, LLCMore Info
540-520-6399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.