315 Albemarle Ave SE - Industrial FOR SALE


Roanoke, VA 24013
$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


OVERVIEW

Located in the thriving Historic Downtown District and a part of the Roanoke River and Railroad Historic District, the VCC is the perfect setting for your urban enterprise. Whether you are an established business seeking a new neighborhood and larger space or just entering the creative class, you'll want 315 Albemarle Ave to be your new business address. The VCC is a 46,000 square foot unparalleled dual warehouse complex, listed on the National Historic Building Register. The VCC 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 Sale with a Downtown District zoning designation. The North Warehouse is 24,800 SF of finished, mixed re-use space. The South Warehouse is 17,600 SF of a clean slate, poised perfectly for build-to-suit options. Between both warehouses sits a 1,500 square feet loading platform that can be used for al fresco dining and entertainment. With these and many more impressive amenities, what makes this site extraordinary is its innovative design fused with well-preserved exposed interior brick and hardwoods, lending to a vintage, open feel with a warm, welcoming urban vibe. This location is perfect for a microbrewery, distillery, farm to- table restaurant, or open office concept, just to name a few opportunities. NORTH WAREHOUSE – Completed The north warehouse work was completed 2012 as a phased project for Historic Tax Credits. This consisted of jacking up the building, removing the basement, installing new electrical, installing new plumbing, building out office space on the second floor of the warehouse area and rehabbing the front building for offices. We also replaced/repaired the roofs and installed R38 insulation throught the roof. All windows were refurbished. A backup generator was put in the building to service the server room located on the second floor and to provide limited emergency backup power. The space between the north and south building was built out to accommodate two loading docks. North Warehouse – First Floor – Suite N1A – 1200 SF This space is on the first floor of the North building and has access from the common area of the facility. This Suite is one open space of 37' x 20' (approx) and two private corner offices measuring 8'5" x 15' (approx) all with large windows allowing lots of natural light. There is also a utility room that houses the HVAC unit, a wash sink, and a small water heater. This room is approximately 11' x 6' (approx.) and even with the utilities has additional storage space. Lots of natural light make this an exceptional creative office space. North Warehouse – First Floor Suite N1C – 13,000 SF The North Warehouse First Floor is 13,000 Square foot concrete floor area. The wood beams are set at 15' x 15'(approx). Two rolling doors allow access to the exterior walkway and two roll-up doors allow access to the 1,500 SF (approx.) loading dock. A separate man door provides access from Albemarle Ave. The back area of this space has both a tabbed dock and man door entrance from 4th street. The concrete dock area has two dock levers and connects to both the North Warehouse and South Warehouse. This area would accommodate a retail, office, distillery, light manufacturing, or warehousing. North Warehouse – Second Floor Suite N2A – 1400 SF – The North Warehouse Second Floor Suite N2A is accessible from the stairway in the common area. The area is comprised of two-room. The main open office area of approx. 37’ x 20’ (approx.) and a large office measuring 15’ x 20’ (approx.) This area has large windows that allow lots of light and the floors are the original heart of pine. There is also a utility room that houses the HVAC unit, a wash sink, and a small water heater. This room is 11' x 6' (approx.) and even with the utilities has additional storage space. Adjacent to this area are two Jack and Jill bathrooms and a conference room measuring approx. 15 x 10 (approx) The hallway then connects to the North Warehouse First Floor Sutite N2B. North Warehouse – Second Floor Suite N2B – 3600 SF This Suite is primarily an open office 60 x 60 (3600 SF) with a dedicated server room 15 x 14 at the east end centered in the room. This suite boasts high open ceilings, exposed brick walls, refinished hardwood floor and lots of light from the oversized windows. This suite boasts high open ceilings, exposed brick walls, refinished hardwood floor and lots of light from the oversized windows. Combine this area with the front office suite to expand your space to over 5000 SF North Warehouse – Second Floor Suite N2C – 9600 SF 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 creative office space, event space or light warehousing. South Warehouse - Incomplete In late 2014 we picked up work on the second phase of the tax credit project. This included replacing the roof on the south warehouse and installing R38 insualton. During this we also stabilized the south building structural areas in the basement and replaced portions of the floor including beams and subfloor. There is about 5000 SF of flooring that needs to installed over the subflooring. In 2020 the new energy efficient windows were installed. South Warehouse – First Floor Suite S1A – 2600 SF – Cinderblock Buildings The Cinderblock Building is attached to the South Warehouse and has access to the exterior walkways. With a separate entrance, it could the area would be an excellent fit for a recording studio, restaurant, or any multitude of spaces. Seven large windows allow lots of natural sunlight. The space has concrete floors and cinderblock walls. South Warehouse – First Floor Suite S1B – 7600 SF 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 backside of the building. The open beams and exposed ceiling make this an excellent opportunity for a brewery, restaurant, creative office space, or event space. South Warehouse – Second Floor Suite S2A – 7600 SF 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.

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

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93

LAND SF

40,511

ZONING

D

APN/PARCEL ID

4022101

ASK ABOUT THIS PROPERTY

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

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

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