550 E Plumb Ln - Loft/Creative Space FOR SALE


Reno, NV 89502- Sierra Meadows
$1,555,111 USD
775-690-0706
550 E Plumb Ln, Reno, NV for Sale
$1,555,111 USD
Loft/Creative Space - FOR SALE
1/5
null | 6.21% Cap Rate

550 E Plumb Ln
Reno, NV 89502
Sierra Meadows


HIGHLIGHTS

  • Prime Reno Location
  • Strong Income Potential
  • Value-Add Opportunity
  • Flexible Ownership Options

OVERVIEW

**Prime Value-Add Office Investment – East West Center** 550 E Plumb Lane, Reno, NV 89502 **Asking Price: $1,555,111** ($262/SF) 5,940 SF Class B office building on a 0.22-acre lot in Reno’s Experience District. Built in 1978, with major refreshes completed 2024–2026. Excellent location minutes from Reno-Tahoe International Airport, I-580/US-395, downtown Reno, retail, dining, and medical services. High-visibility site along Plumb Lane, a key arterial in this busy corridor. Currently maintaining **100% occupancy** with a diversified, stable tenant mix: tax preparation, document services, cosmetology, massage therapy, tutoring, counseling and many more. A key lease renewal is approaching, offering excellent flexibility to increase rents, refresh tenant mix, or reposition for higher-value uses—or convert to owner-user occupancy. **Recent Capital Improvements** - All HVAC systems replaced in 2025 - New instant (tankless) water heaters in all four restrooms and two suites - New flooring (carpet and LVP) in 80% of suites - Fresh paint in 80% of suites over the last two years - Suites include in-suite sinks ideal for professional services These upgrades deliver attractive, move-in-ready spaces that support premium rents. Additional value-add potential remains through targeted improvements to common areas, restrooms, exterior façade, and parking lot. **Property Specs** - Square Feet: 5,940 - On-site parking: ~20 spaces - Zoning: Professional Office (PO) Reno’s strong economy—driven by tech, logistics, tourism, and population growth—positions this fully leased, stabilized property with immediate upside as an outstanding opportunity for investors or owner-users. Detailed financials, rent roll, and pro forma available. Contact **Hallmark Investments & Management** for more information or to schedule a tour. Prime opportunity in one of Reno’s most active submarkets!

FOR SALE DETAILS

PRICE

$1,555,111 USD

PRICE/SF

$262 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Providence Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

PO

APN/PARCEL ID

015-183-06

ASK ABOUT THIS PROPERTY

Christopher PriceHallmark InvestmentsMore Info
775-690-0706

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Christopher PriceHallmark InvestmentsMore Info
775-690-0706

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