A unique investment opportunity for sale in the very center of Riga — a spacious apartment at Marijas iela 15. The premises were previously used as a gaming hall, but can now be transformed into a comfortable and functional residential space with multiple rooms or divided into several separate apartments. Currently, the usage type is registered as commercial entertainment premises, but it can be changed to residential use.

The seller’s architect has provided a concept layout showing the potential division into 3 separate apartment units (see attached photo), making it ideal both for rental income and resale. At the moment, the Seller is coordinating a project with the Construction Board for one large apartment, which is being separated from the ground floor premises.

The Seller will carry out the demolition of the staircase connecting the 1st and 2nd floors at their own expense.

About the apartment:

• 114.5 m².
• 2nd floor, façade building, windows facing both the courtyard and the street.
• Original ceiling height approx. 2.90 m.
• Centralized gas heating (a shared gas boiler for the apartments on the 1st and 2nd floors), central city cold water supply and sewerage; hot water provided by a gas boiler.

About the building:

• Solid brick building constructed in 1890.
• 7 floors, no elevator.
• Locked staircase.
• Land is owned; the property will be registered as a separate apartment unit.
• Excellent location — a well-developed and highly sought-after area, next to Berga Bazārs, just a few steps from the Central Station, Old Town, public transport, shopping centers, restaurants, and cultural venues.