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A commercial building for sale in Old Riga…

3,000,000 €
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Total area: 2,682 m²
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  • Land area: 902 m²
  • 6-floor building
  • 1 floor

For sale is offered office and apartment building located in the most prestigious area of Riga city — the Old Town.


The building was built in 1986. Construction materials were delivered from all over the Baltic states according to Riga traditions; roof tiles were delivered from Lithuania, cast iron grates from Livani, section bricks for finishing of windows from Lode, windows — from Finland and decorative marble from Karelia. The building blended perfectly in its surroundings representing a link between the modern Soviet period architecture and preserved historical buildings.


- Location — the center of stay for most tourists (historical places, squares, tourist routes, restaurants and cafes);

- Developed floor planning;

- Opposite a large car park.

The proposal for building future use — a hotel.

The building is not an architectural monument.

Land plot area — 902 sq. m.

Total building area — 2682.10 sq. m.

Office rooms from the 2nd up to 6th floor:

1st floor — 376,60 sq. m. — 6 rooms;

2nd floor — 516,20 sq. m. — 17 rooms;

3rd floor — 514,40 sq. m. — 20 rooms;

4th floor — 440,20 sq. m. — 18 rooms;

5th floor — 339,40 sq. m. — 16 rooms;

6th floor — 137,80 sq. m. — 2 rooms.

Basement floor — 314,80 sq. m.

Commercial premises of the basement floor could be use as a restaurant or a coffee shop, (there is an equipped kitchen for the restaurant).

Restaurant premises rental price: 15–20 EUR/sq. m. + VAT + utilities.

All amenities: urban communications, elevator.

Additionally, by using the building on Grecinieku street, the first floor and basement can be fitted with SPA center and floors 2–6 — with 12 luxury suites.

Total rental price of the building: 10 EUR/sq. m. + VAT + utilities. (26,821 EUR + VAT + utilities).

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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