Multifunctional Commercial Premises in the VERNISSAGE Complex

Multifunctional commercial premises for sale or lease at Tērbatas Street 2 – in the very center of Riga.

A spacious commercial property is offered for sale or lease in the prestigious VERNISSAGE quarter, located on Tērbatas Street — one of the most active and recognizable locations in central Riga, next to Vērmanes dārzs and within a few minutes’ walk from Old Town Riga, Brīvības Boulevard, and the city’s key infrastructure points.

The total area of the property is 2046.6 m² and includes 61 functional premises. Type of use – Entertainment Event Premises Group (1261), providing extensive opportunities for the development of various commercial concepts.

The property is particularly suitable for:
- a club or entertainment venue;
- exhibition hall or gallery;
- event and concert venue;
- showroom or creative concept;
- sports or fitness club;
- premium hospitality or multifunctional commercial project.

The property is located in a historically and architecturally valuable area with high pedestrian traffic and excellent access to public transportation. Tērbatas Street is one of the most dynamic and sought-after streets in central Riga, offering a developed environment of restaurants, culture, retail, and services.

The VERNISSAGE complex and its surroundings have long been associated with Riga’s active cultural and entertainment scene, giving the property additional potential for the development of various public and commercial functions.

The large floor area and functional layout provide flexible adaptation possibilities both for a single operator and for integrating multiple concepts within one property.

The property is also available for lease at 35 000 EUR per month. Potential yield – approximately 8.4% annually.

The property is suitable both for investment acquisition and for the long-term development of commercial operations in one of the most desirable locations in central Riga
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Additional information available upon request.