550 E Plumb Ln - Loft/Creative Space FOR SALE


Reno, NV 89502- Sierra Meadows
$1,636,470 USD
775-690-0706
550 E Plumb Ln, Reno, NV for Sale
$1,636,470 USD
Loft/Creative Space - FOR SALE
1/13
null | 5.9% 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 Investment Opportunity: East West Center Office Building For Sale Discover a prime value-add opportunity in Reno's thriving market at the **East West Center**, **550 E Plumb Ln, Reno, NV 89502**. This Class C office building, built in 1978 and updated in 2004, spans 5,940 rentable SF on a 0.22-acre lot. Priced at **$1,636,470** ($275.50/SF), it offers strong income potential and flexibility for investors or owner-occupiers in the vibrant Reno Experience District neighborhood—minutes from Reno-Tahoe International Airport, major highways, downtown, and amenities like retail and medical facilities. Enjoy a Walk Score of 85 and Bike Score of 74. ## Key Highlights: - **Occupancy & Tenant Mix**: 82% occupied with a diverse service-oriented lineup, including tax prep, document prep, cosmetologists, massage therapy, tutoring, and therapists—ensuring stable cash flow and broad appeal. - **Recent Upgrades**: New HVAC systems and water heaters installed throughout in July 2025 for efficiency and low maintenance. Leased suites boast fresh flooring, paint, and some with in-suite sinks, ideal for professional services. - **Value-Add Potential**: Enhance value through targeted updates to common areas, restrooms, exterior façade/paint, and parking lot re-sealing/striping—boosting rents, and NOI. - **Flexible Structure**: Short-term leases enable easy rent optimization, tenant curation, or conversion to owner-occupied use. - **Specifications**: - Rentable SF: 5,940 (up to 3 stories) - Parking: ~20 on-site spaces - Zoning: Professional Office (PO) - **Financials**: Detailed financials available. In Reno's dynamic economy—driven by tech, logistics, and tourism—this stabilized asset with upside stands out. Ideal for investors seeking growth or businesses needing a customizable space. Contact Hallmark Investments & Management for details, financials, or a tour.

FOR SALE DETAILS

PRICE

$1,636,470 USD

PRICE/SF

$276 USD /SF

CAP RATE

5.9%

% 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

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

Christopher PriceHallmark InvestmentsMore Info
775-690-0706

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