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Office Building In Oldtown Riga

Palasta 10

Riga, Riga, LV-1050, Latvia

Property ID: #12909538 // Residential
    / 25
Traditional Sale
List Price:
USD $2,646,582
Icon 16,048.99 ft²
Icon 0.11 acres
Icon - beds
Icon 14 baths
Title:
Office Building In Oldtown Riga
Address:
Palasta 10
City:
Riga
State, Province or Island:
Riga
Zip Code:
LV-1050
Country:
Latvia
Property Type:
Residential
Additional Property Types:
Apartment
Year Built:
1912
Property Size:
16,048.99 ft²
Lot Size:
0.11 acres
Total Baths:
14
Data Source:
Properstar
MLS/Reference Number(s):
115703907
Source Property Type:
Apartment

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Property Information

An exceptional opportunity to acquire a historic office building located in the very heart of Riga’s prestigious Old Town. This elegant property, originally commissioned in 1912, reflects the architectural charm of the early 20th century while offering functionality fully suited to modern business needs.

The building is situated on a land plot of 435.5 m² and offers a total area of 1,975.7 m², including a usable cadastral area of 1,609.8 m² and a highly efficient net leasable area of 1,491.08 m². Arranged across six floors, the property features two staircases that ensure convenient access and smooth tenant flow, as well as an elevator located in the central staircase for added comfort.

A significant advantage of this property is its strong income profile — 99% of the building is currently leased to reliable, high-quality tenants, providing immediate and stable rental income for the new owner. This makes the asset particularly attractive for investors seeking a secure, income-generating property with minimal vacancy risk.

The building is connected to the city’s central heating system with a heating distribution unit located in the basement, ensuring efficient and dependable heating throughout the premises.

Combining historical character, a prime Old Town location, and excellent occupancy with dependable tenants, this property represents a rare and compelling investment opportunity in one of Riga’s most sought-after areas.

Disclaimer

Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on Aug 26, 2026, 6:11 PM CDT. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.

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