# Trīs Maisi — Arsenāla iela 5, Rīga

> 18th-century warehouse complex in Riga Old Town (Latvia), offered as a reconstruction / development project. Owner and website operator: SIA "Arsenāla 5". Site languages: Latvian, English, Russian.

## Key facts
- Address: Arsenāla iela 5, Rīga, LV-1050, Latvia (Old Riga / Vecrīga). Coordinates: 56.95107, 24.10304.
- Heritage: formed from three historic warehouses — "Nastu nesējs" (Burden Carrier), "Trīs brāļi" (Three Brothers), "Cukura vārītājs" (Sugar Cooker). State architectural monument No. 6578; within the Historic Centre of Riga urban monument (No. 7442) and UNESCO World Heritage Site No. 852.
- Building: total building area 2,500 m²; land plot 459 m²; 5 floors (incl. basement and attic). Authentic 18th-century façades, timber beams and columns, historic goods-hoist wheel preserved.
- Planned use: ~1,850 m² net lettable area — 1,390 m² residential (27–32 apartments, floors 2–4), 351 m² ground-floor commercial (3 units: restaurant/wine bar, co-working/office, beauty/SPA), 108 m² basement technical/storage.
- Concept: street façade and volume preserved; each of the three parts becomes a separate house with its own entrance, new inner courtyard and stairwell; historic goods hoists restored.
- Financials (business plan, indicative): CAPEX €5.05M (construction €4.81M at €2,600/m² + design/legal €0.24M); GDV €8.32M; gross profit ~€3.27M; ROI 64.7%; IRR 24.5% p.a.; cycle 24–30 months; rental-scenario NOI ~€420,000/year. Price on request.
- Exit strategies: phased presale/retail; aparthotel + commercial rental via single operator; single-lot sale to an institutional investor or fund.
- Location: 2 min walk to Riga Castle / Castle Square; near Art Museum "Riga Bourse", Dome Square and the Daugava embankment.

## Contact
- Contact person: Aleksejs Halavins, +371 29 205 417, info@arsenala5.lv (SIA "Arsenāla 5").

## Pages
- [Home — Latvian](https://arsenala5.lv/)
- [Home — English](https://arsenala5.lv/en/)
- [Home — Russian](https://arsenala5.lv/ru/)
- [Privacy policy](https://arsenala5.lv/privacy.html)