Providence Building 550 E Plumb Ln 5,940 SF 96% Leased Office Building Reno, NV 89502 $1,555,111 ($261.80/SF) 6.21% Cap Rate

**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!