Property building for sale, Stabu street, Centrs / 1200000€

Property description

Investment property for sale in Riga city centre, Stabu Street 35

An investment property with stable cash flow is offered in one of the most sought-after locations in Riga city centre – Stabu Street, between Tērbatas and Krišjāņa Barona streets.

Property description:
- Three-storey building
- Total area: 895 m²
- 1.floor and basement: 2 commercial premises (shops and a café) with separate entrances
- 2nd and 3rd floors: office premises of various sizes

Total of 11 tenants in the building.

The property is currently 100% leased, with a stable and reliable tenant mix, providing approximately 7+% annual yield.

Premises:
- Office sizes ranging from 30 m² to 80 m²
- Most common layouts: 40–50 m² (two-room offices)
- Each unit is equipped with WC/shower
- Larger units have infrastructure for kitchen installation

Additional potential:
The building can be relatively easily converted into residential units, significantly expanding investment and development opportunities.

Location:
- Active central location with high pedestrian traffic;
- 5-minute walk to shopping centres “Bērnu pasaule” and “Barona centrs”;
- Wide range of nearby amenities – cafés, shops, offices;
- Convenient public transport access.

This is an excellent opportunity for investors seeking a stable income-generating asset with development potential in Riga city centre.

• Finishing: very good condition, tile flooring, laminate flooring, Condition - renovated
• Equipment: office premises
• Layout: premises both isolated and connected
• Building description: double glazed windows, wide windows
• Location: shops and cafes nearby, schools and kindergartens nearby, convenient public transport
• Parking lot: parking in the courtyard, paid (Rīgas Satiksme) parking on the street, paid parking in vicinity
• Area, type of retail premises: for medical company, bar, kindergarten, catering company, club, massage parlour, beauty salon, shop
• Communications: city heating with an individual meter, optic internet available, city water supply, city sewage
• Security: alarm available

Object on the map