Your email has been sent.
Virginia Can Company Complex 315 Albemarle Ave SE 46,000 SF 6% Leased Office Building Roanoke, VA 24013 $3,900,000 ($84.78/SF)
Investment Highlights
- Walking Distance to VT School of Medicine & Fralin Biomedical Research Institute
- Historic Tax Credits Available (Not Mandatory)
- Flexible Zoning — Residential, Commercial, Mixed-Use
- Adaptive Reuse & Redevelopment Opportunity
- Enterprise Zone Incentives
- Adjacent Parcels Available for Assemblage
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 RoVa Labs, Roanoke's new biotech incubator on Jefferson Street opening May 6, 2026 — a $20M+ partnership of Carilion Clinic, Virginia Tech, Virginia Western Community College, the Roanoke Blacksburg Innovation Alliance, and Johnson & Johnson's JLABS virtual residency — designed to support biotech startups and collaborative research.
- Nearby institutions include Radford University Carilion, 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.
FINANCIAL INCENTIVES & RECOGNITION
- Confirmed NMTC-eligible census tract (51770002600) — 39% federal tax credit over 7 years for qualified investments
- Historic Tax Credits — 20% federal + 25% Virginia state (Historic District designation)
- Virginia Enterprise Zone One A — up to 20% real property investment grants plus job creation grants
- PACE financing available for energy-efficient improvements
- Roanoke ranked #97 on Livability's 2026 Top 100 Best Places to Live — second consecutive year
PROPERTY OVERVIEW
- Total Area: 46,000 SF across multiple floors and wings.
- Zoning: Downtown District (D), permitting a wide range of mixed-use applications with relaxed building code requirements.
- 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.
- 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
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
No HVAC, option for rate change if HVAC taken care of by AJAG
South-building shell space offered as-is at a reduced shell rate so a tenant can build it out to suit. The rate is lower than our finished suites because you complete the space yourself — finished, built-out suites in the complex lease at a higher rate. Suitable for office, retail, flex, light industrial, maker, or storage use. Modified gross, tenant pays utilities. 11-foot ceilings, on-site parking. Early-term rent concessions available to help offset your build-out. In Roanoke's growing medical and innovation corridor, blocks from Carilion and Virginia Tech. First-floor suites S1A and S1B combine for up to 9,750 SF contiguous.
South-building shell space offered as-is at a reduced shell rate so a tenant can build it out to suit. The rate is lower than our finished suites because you complete the space yourself — finished, built-out suites in the complex lease at a higher rate. Suitable for office, retail, flex, light industrial, maker, or storage use. Modified gross, tenant pays utilities. 11-foot ceilings, on-site parking. Early-term rent concessions available to help offset your build-out. In Roanoke's growing medical and innovation corridor, blocks from Carilion and Virginia Tech. First-floor suites S1A and S1B combine for up to 9,750 SF contiguous.
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.
South-building shell space on the second floor, offered as-is at a reduced shell rate so a tenant can build it out to suit. The rate is lower than our finished suites because you complete the space yourself — finished, built-out suites in the complex lease at a higher rate. Suitable for office, flex, light industrial, maker, or storage use. Modified gross, tenant pays utilities. 11-foot ceilings, on-site parking. Early-term rent concessions available to help offset your build-out. In Roanoke's growing medical and innovation corridor, blocks from Carilion and Virginia Tech.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste N1B | 5,600 SF | Office/Retail | Shell Space | Now |
| 1st Fl-Ste N1C | 7,400 SF | Office/Retail | - | 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/Retail | 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-Ste N1B
| Size |
| 5,600 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl-Ste N1C
| Size |
| 7,400 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste S1A
| Size |
| 2,100 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl-Ste S1B
| Size |
| 7,650 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste N2B
| Size |
| 3,600 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste N2C
| Size |
| 9,400 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
2nd Fl-Ste S2A
| Size |
| 7,650 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl-Ste N1B
| Size | 5,600 SF |
| Space Use | Office/Retail |
| Build-Out | Shell Space |
| Available | Now |
No HVAC, option for rate change if HVAC taken care of by AJAG
1st Fl-Ste N1C
| Size | 7,400 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
1st Fl-Ste S1A
| Size | 2,100 SF |
| Space Use | Office/Retail |
| Build-Out | Shell Space |
| Available | Now |
South-building shell space offered as-is at a reduced shell rate so a tenant can build it out to suit. The rate is lower than our finished suites because you complete the space yourself — finished, built-out suites in the complex lease at a higher rate. Suitable for office, retail, flex, light industrial, maker, or storage use. Modified gross, tenant pays utilities. 11-foot ceilings, on-site parking. Early-term rent concessions available to help offset your build-out. In Roanoke's growing medical and innovation corridor, blocks from Carilion and Virginia Tech. First-floor suites S1A and S1B combine for up to 9,750 SF contiguous.
1st Fl-Ste S1B
| Size | 7,650 SF |
| Space Use | Office/Retail |
| Build-Out | Shell Space |
| Available | Now |
South-building shell space offered as-is at a reduced shell rate so a tenant can build it out to suit. The rate is lower than our finished suites because you complete the space yourself — finished, built-out suites in the complex lease at a higher rate. Suitable for office, retail, flex, light industrial, maker, or storage use. Modified gross, tenant pays utilities. 11-foot ceilings, on-site parking. Early-term rent concessions available to help offset your build-out. In Roanoke's growing medical and innovation corridor, blocks from Carilion and Virginia Tech. First-floor suites S1A and S1B combine for up to 9,750 SF contiguous.
2nd Fl-Ste N2B
| Size | 3,600 SF |
| Space Use | Office/Retail |
| Build-Out | Shell Space |
| Available | Now |
Conditioned space
2nd Fl-Ste N2C
| Size | 9,400 SF |
| Space Use | Office/Retail |
| Build-Out | 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 |
| Build-Out | Shell Space |
| Available | Now |
South-building shell space on the second floor, offered as-is at a reduced shell rate so a tenant can build it out to suit. The rate is lower than our finished suites because you complete the space yourself — finished, built-out suites in the complex lease at a higher rate. Suitable for office, flex, light industrial, maker, or storage use. Modified gross, tenant pays utilities. 11-foot ceilings, on-site parking. Early-term rent concessions available to help offset your build-out. In Roanoke's growing medical and innovation corridor, blocks from Carilion and Virginia Tech.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,059,300 | |
| Land Assessment | $469,200 | Total Assessment | $1,528,500 |
Property Taxes
Presented by
Virginia Can Company Complex | 315 Albemarle Ave SE
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.