Investment object For Sale, 13.janvāra street 15, Rīga, Labais krasts, Centrs / 1 152 000 €

A six-storey commercial building is offered for sale in a prime first-line location in Old Riga.
The property is in excellent technical condition, with solid and structurally sound load-bearing elements and reinforced concrete floor slabs.

• The building was constructed in 1974 and is equipped with two elevators.
• It offers panoramic views of the rooftops of Old Riga, the Daugava River, the Central Market and the Latvian Academy of Sciences.
• The property includes an underground garage for one vehicle, with the theoretical possibility of expansion.
• There is potential to create a rooftop terrace or, subject to obtaining the necessary approvals, to evaluate the possibility of constructing an additional floor.
• The heating substation, engineering utilities and electrical systems are in good technical condition.
• The building will be delivered fully vacant in the fourth quarter of 2026.

Development Potential:

Thanks to its prime location and functional layout, the property is well suited for a variety of development scenarios, including:

• conversion into a hotel;
• development of apartments or compact residential units;
• continued use as an office building or conversion into modern office premises.