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Virginia Can Company

Prime Redevelopment Opportunity Near Virginia Tech Med School!

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Asking Price: $3,900,000

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Address 

315 Albemarle Ave SE, Roanoke, VA 24013

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Date Added
Apr 26, 2023
Days on Market
725 days
Time Since Last Update
88 days

Details

Property TypeOffice, Industrial, Mixed Use
SubtypeCreative Office, Flex, Warehouse
Investment TypeRedevelopment
ClassB
Lease TypeNNN
TenancyVacant
Square Footage45,100
Price/Sq Ft$86.47
OccupancyVacant
Year Built1910
Year Renovated2010
Buildings2
Stories2
ZoningDowntown District
APN4022101, 4022105
Loading Docks2
Ceiling Height12"
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Marketing Description

Virginia Can Company Complex | 45,100 SF | Adaptive Reuse Space Investor Opportunity for redevelopment in a qualified census tract for New Market Tax Credits.​ Located in the Downtown District and 1.5 miles from the Virginia Tech Medical School Total Space Available 45,100 SF Building Class B Min.​ Divisible 3,000 SF Max.​ Contiguous 27,400 SF Features Electricity/Power – AEP The former Virginia Can Company in Roanoke, Virginia’s thriving Historic Downtown District is the perfect stage for your urban enterprise.​ Whether you are an established business seeking a new neighborhood or just entering the creative class, you’ll want 315 Albemarle Ave.​ to be your new business address.​ This unparalleled dual warehouse complex, listed in the National Historic Building Register, exudes all the enviable qualities that define the adaptive re-use of historic buildings in modern metropolitan communities.​ More than just another diamond in the rough, this property is available for immediate leasing and already zoned for enterprise with new R-38 insulation.​ The North Warehouse is finished.​ The South Warehouse is a clean slate poised for build-to-suit options.​ With these and many more impressive amenities, what makes this site extraordinary is its innovative design fused with the thoughtfully preserved beauty of exposed interior brick and hard woods, lending to a vintage, open feel while promoting a warm, welcoming urban vibe; perfect for a microbrewery, farm-to-table restaurant, or cross-fit gym, just to name a few opportunities.​

Investment Highlights

  • ​Adaptive Reuse Project from an Historic Warehouse
  • ​R38 Insulated Roofs
  • ​New Elevator
  • ​75 KVA Backup Generator
  • ​New Electrical
  • ​New HVAC

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