Real estate - a hotel in the center of Riga

The building is located in the city center, in an area with excellent social and transport infrastructure. A short distance away is the fast-growing micro-district Skanste, where, in addition to new apartment buildings, office and bank buildings, there are also sports, culture and recreation complexes. The surrounding buildings consist of multi-storey apartment buildings with commercial and service premises, as well as educational and medical institutions. Well-developed public transport provides easy access to the city center and other districts. Transport stops are located in the immediate vicinity of the assessed object. The location is suitable for both the sale of apartments and the realization of business activities.
The building as a residential building with compact apartments was built in 1939, while in 2000-2001 the building was reconstructed into a 3-star Hotel Avitar, maintaining the building's status as a residential building.
The total area of the building is 1593.5 m2, the useful area is 1192.8 m2, of which the area of apartments is 824.2 m2 and the area of non-residential premises is 368.6 m2. Land 925 m2.
Currently, the property is operated as a long-term and short-term hotel with 46 rooms, of which 38 units are rented long-term and 8 units are operated as hotel rooms.
On the first floor there are two small shops and premises for a restaurant, as well as various types of auxiliary premises in the basement.
There are 20 parking spaces in the wide courtyard of the house.