Providence Building 550 E Plumb Ln 5,940 SF 79% Leased Office Building Reno, NV 89502 $1,636,470 ($275.50/SF) 5.90% Cap Rate

# 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.