ARCO REAL ESTATE

ID: 108093 Последние изменения: 17.09.2026.

Entire building available for long-term lease in a prime Old Riga location

A fully usable six-story building is offered for lease in a prime location in Old Riga. The building will be fully vacated in the fourth quarter of 2026, offering the tenant the opportunity to take over the entire property and adapt its use to their specific needs.

Constructed in 1974, the building is in good technical condition. It features solid load-bearing structures, reinforced concrete floor slabs, and two elevators (one of which serves the basement level), as well as well-maintained utility systems, a heating substation, and an electrical supply system.

The upper floors offer panoramic views of the Old Riga skyline, the Daugava River, the Central Market, and the Academy of Sciences. The property also includes an underground garage for one car, with the theoretical possibility of expansion.

Additional potential lies in the possibility of constructing a rooftop terrace and—subject to obtaining the necessary approvals—exploring the option of adding another floor.

The building is suitable for various use scenarios, including:
• a hotel or serviced apartment concept;
• the creation of residential apartments or smaller living units;
• retaining office functionality or converting the building into a modern office center;
• a prestigious headquarters for a company, organization, or institution. The entire building is offered for lease as a single property, providing the tenant with full control over the use of the premises and the opportunity to create a unified concept tailored to specific needs in the very heart of Old Riga.

In addition to the rent, real estate tax, property management fees, and utility charges apply.