3 900 000 €

2 600 €/m²

Kungu iela 5, Vecrīga

Rīga

Unique Commercial Property in the Heart of Old Riga

An exclusive commercial property is offered in one of the most prestigious locations on the European real estate market. The building was originally designed as a hotel, but its ideal location provides extensive opportunities for use as an office center, a commercial complex, or a residential building.

The total area of the building is 1,500 sq. m, providing ample space and comfort for the implementation of any concept.

The basement level includes technical rooms, various utility areas, and a professionally equipped kitchen for the needs of a restaurant, which could be located on the ground floor of the building. A reception area and a spacious lobby are also planned, creating a welcoming and comfortable atmosphere.

From the second to the sixth floors, there are 34 elegant hotel-style rooms with panoramic views of Riga’s iconic landmarks — the House of the Blackheads, St. Peter’s Church, the Daugava River, and the charming skyline of Old Riga.

The building’s facade is finished with large-format premium-class black granite, which is resistant to sudden temperature changes and high humidity, ensuring durability and a flawless appearance for many years.

The roof is made of natural copper, which over time will acquire a noble malachite-green patina, harmoniously complementing the architectural charm of Old Riga’s rooftops.

The building is constructed from monolithic concrete with full engineering infrastructure, including communication and ventilation systems. However, it is offered without interior finishing, giving the future owner complete freedom to design the interior according to their own vision.

The building’s functional designation allows for both commercial and residential use, providing a wide range of possibilities for realizing ambitious projects in one of Riga’s most beautiful and historically significant locations.