A house ownership in Riga for sale
€970 000
ID 148608
Uploaded 26.08.2026
Key features
Details
Property description
We are pleased to offer a unique historic property for sale in Tornakalns, one of Riga’s fastest-growing and most sought-after districts, where architectural heritage blends seamlessly with a modern urban environment and a thriving business community.
Constructed in 1901, this distinguished brick building offers a total area of 1,062.3 sqm and is situated on a 2,301 sqm land plot, presenting exceptional opportunities for redevelopment and value creation. The property comprises three above-ground floors and a basement while preserving its historic character and architectural integrity. All essential city utilities are connected, providing a solid foundation for a wide range of commercial and investment projects.
Over recent years, Tornakalns has established itself as one of Riga’s most attractive investment destinations. The neighbourhood is home to the University of Latvia Academic Centre, the National Library of Latvia, the Daugava waterfront promenade and Arkadija Park, while Riga’s city centre is just a few minutes away. Excellent transport connections, well-developed infrastructure and the district’s continuous growth contribute to the property’s outstanding long-term investment appeal.
The property is ideally suited for a prestigious corporate headquarters, office development, medical or educational facility, hospitality concept, creative industries hub or other commercial use, as well as residential use - to make apartments. Its prime location, generous scale and redevelopment potential make it an exceptional opportunity for investors and developers seeking a landmark asset in one of the capital’s most promising locations.
Key Highlights
° Prime location in one of Riga’s most перспективive and rapidly developing districts;
° Historic brick building with preserved architectural character;
° 1,062.3 sqm of building area on a 2,301 sqm land plot;
° Three above-ground floors and a basement;
° Connected to all major city utilities;
° Excellent accessibility with quick access to Riga city centre and key transport routes.
A rare opportunity to acquire a property that combines historical significance, strategic location and outstanding development potential—an investment with enduring value in one of Riga’s most dynamic districts.
Constructed in 1901, this distinguished brick building offers a total area of 1,062.3 sqm and is situated on a 2,301 sqm land plot, presenting exceptional opportunities for redevelopment and value creation. The property comprises three above-ground floors and a basement while preserving its historic character and architectural integrity. All essential city utilities are connected, providing a solid foundation for a wide range of commercial and investment projects.
Over recent years, Tornakalns has established itself as one of Riga’s most attractive investment destinations. The neighbourhood is home to the University of Latvia Academic Centre, the National Library of Latvia, the Daugava waterfront promenade and Arkadija Park, while Riga’s city centre is just a few minutes away. Excellent transport connections, well-developed infrastructure and the district’s continuous growth contribute to the property’s outstanding long-term investment appeal.
The property is ideally suited for a prestigious corporate headquarters, office development, medical or educational facility, hospitality concept, creative industries hub or other commercial use, as well as residential use - to make apartments. Its prime location, generous scale and redevelopment potential make it an exceptional opportunity for investors and developers seeking a landmark asset in one of the capital’s most promising locations.
Key Highlights
° Prime location in one of Riga’s most перспективive and rapidly developing districts;
° Historic brick building with preserved architectural character;
° 1,062.3 sqm of building area on a 2,301 sqm land plot;
° Three above-ground floors and a basement;
° Connected to all major city utilities;
° Excellent accessibility with quick access to Riga city centre and key transport routes.
A rare opportunity to acquire a property that combines historical significance, strategic location and outstanding development potential—an investment with enduring value in one of Riga’s most dynamic districts.
Agency: Mercury Group Ltd
