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Virginia Can Company Complex 315 Albemarle Ave SE 47,500 SF 9% Leased Industrial Building Roanoke, VA 24013 $3,900,000 ($82.11/SF)
EXECUTIVE SUMMARY
?? 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
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Courtyard
- Wheelchair Accessible
- Fiber Optic Internet
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
No HVAC, option for rate change if HVAC taken care of by AJAG
- 1st Fl-Ste N1C
- 7,400 SF
- Office
- -
- Now
No HVAC, option for rate change if HVAC taken care of by AJAG
The first floor of the South warehouse is a combination of wood floors covering approximately 70% of the space and a concrete floor on the remainder. The exposed wood beams and ceilings allow natural light from the three roll-up doors and multiple windows to flow throughout the space. One of the roll-up doors has access to the loading docks as well as two tab docks on the back side of the building. Rental range based on space usage: Warehouse starts at $10.25/SF/yr, increasing up to $13.75/SF/yr for conditioned space.
Conditioned space
The second floor of the North Warehouse boasts hardwood floors and multiple windows. Views of the Roanoke Star can be seen from just about every window on the south facing wall. The open beams and exposed ceiling make this an excellent opportunity for a brewery, restaurant, creative office space, or event space. Rental range based on space usage: Warehouse starts at $9.25/SF/yr, increasing up to $13.25/SF/yr for conditioned space.
The second floor of the South Warehouse boasts hardwood floors and multiple windows. Views of the Roanoke Star can be seen from just about every window on the south facing wall. The open beams and exposed ceiling make this an excellent opportunity for a brewery, restaurant, creative office space, or event space. Rental range based on space usage: Warehouse starts at $9.25/SF/yr, increasing up to $13.25/SF/yr for conditioned space.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - N1B | 5,600 SF | Flex | Shell Space | Now |
| 1st Fl-Ste N1C | 7,400 SF | Office | - | Now |
| 1st Fl-Ste S1A | 2,100 SF | Office/Retail | Shell Space | Now |
| 1st Fl-Ste S1B | 7,650 SF | Office/Retail | Shell Space | Now |
| 2nd Fl-Ste N2B | 3,600 SF | Office | Shell Space | Now |
| 2nd Fl-Ste N2C | 9,400 SF | Office/Retail | Shell Space | Now |
| 2nd Fl-Ste S2A | 7,650 SF | Office/Retail | Shell Space | Now |
1st Fl - N1B
| Size |
| 5,600 SF |
| Space Use |
| Flex |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste N1C
| Size |
| 7,400 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste S1A
| Size |
| 2,100 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste S1B
| Size |
| 7,650 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste N2B
| Size |
| 3,600 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste N2C
| Size |
| 9,400 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste S2A
| Size |
| 7,650 SF |
| Space Use |
| Office/Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl - N1B
| Size | 5,600 SF |
| Space Use | Flex |
| Condition | Shell Space |
| Available | Now |
No HVAC, option for rate change if HVAC taken care of by AJAG
1st Fl-Ste S1A
| Size | 2,100 SF |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
No HVAC, option for rate change if HVAC taken care of by AJAG
1st Fl-Ste S1B
| Size | 7,650 SF |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
The first floor of the South warehouse is a combination of wood floors covering approximately 70% of the space and a concrete floor on the remainder. The exposed wood beams and ceilings allow natural light from the three roll-up doors and multiple windows to flow throughout the space. One of the roll-up doors has access to the loading docks as well as two tab docks on the back side of the building. Rental range based on space usage: Warehouse starts at $10.25/SF/yr, increasing up to $13.75/SF/yr for conditioned space.
2nd Fl-Ste N2B
| Size | 3,600 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Conditioned space
2nd Fl-Ste N2C
| Size | 9,400 SF |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
The second floor of the North Warehouse boasts hardwood floors and multiple windows. Views of the Roanoke Star can be seen from just about every window on the south facing wall. The open beams and exposed ceiling make this an excellent opportunity for a brewery, restaurant, creative office space, or event space. Rental range based on space usage: Warehouse starts at $9.25/SF/yr, increasing up to $13.25/SF/yr for conditioned space.
2nd Fl-Ste S2A
| Size | 7,650 SF |
| Space Use | Office/Retail |
| Condition | Shell Space |
| Available | Now |
The second floor of the South Warehouse boasts hardwood floors and multiple windows. Views of the Roanoke Star can be seen from just about every window on the south facing wall. The open beams and exposed ceiling make this an excellent opportunity for a brewery, restaurant, creative office space, or event space. Rental range based on space usage: Warehouse starts at $9.25/SF/yr, increasing up to $13.25/SF/yr for conditioned space.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,059,300 | |
| Land Assessment | $469,200 | Total Assessment | $1,528,500 |
PROPERTY TAXES
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Virginia Can Company Complex | 315 Albemarle Ave SE
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