465 – 499 E. Plumb Ln.

465 - 499 E. Plumb Ln., Reno, NV 89502

— For Sale —

Offering Price $6,500,000

Total Square Footage ± 18,973 SF

CAP Rate 6.80%

Property Information

LOCAL @ Plumb is a ± 18,973 SF established retail center located in the central Reno submarket. The property features 3 buildings with a combined 14 units leased to a variety of restaurant, retail, professional service, and personal service tenants. Originally built in 1986, this property has undergone recent renovations including new paint, signage, landscaping, parking lot re-slurry, improvements to the façade, and the creation of a new drive aisle creating ease for overflow parking. LOCAL @ Plumb has over 300 LF of frontage along E. Plumb Ln. with two ingress/egress points from Plumb and one along Wrondel Way. Plumb Ln. provides easy access to I-580, MidTown and downtown Reno via S. Virginia St., and southeast Reno via Kietzke Ln.

The central Reno submarket is expanding with the addition of the Reno Experience District (RED) including ± 65,000 SF of retail, 898 luxury apartments, a 170-door luxury hotel, and an 83-door flex-stay corporate apartment project. Along E. Plumb Ln., the renovation of Reno Public Market recently welcomed Sprout’s third location in northern Nevada and features inline retail, a 2-story foodhall, and is junior-anchored by CVS Pharamacy. PK Companies recently completed a hotel to apartment conversion adding 117 apartments on the corner of E. Plumb Ln. and S. Virginia St.

Contact

Brokerage

Ian Cochran, CCIM

Partner
Reno
License B.145434.LLC
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O 775.433.1102
C 775.225.0826
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Brokerage

Greg Ruzzine, CCIM

Partner
Reno
License BS.145435
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O 775.433.1103
C 775.450.5779
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Brokerage

Grace Keating

Associate
Reno
License S.198962
O 775.433.1111
C 775.870.7806
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