Premium real estate property in the Old Town of Riga

Grecinieku street 34, Old Town, Riga

Empty historical building in the Old Town that can be reconstructed and used as hotel, residential or office premises.


Building can be reconstructed to host a 52 room 5-star hotel with conference halls and a SPA facility. It is possible to add additional floors to the building with total are close to 421 m2. Due to its exceptional location, building can adopt also other functions, including residential and business centre.


The property has an excellent location within a walking distance from historical and cultural monuments. Facing the Daugava river and the City Hall’s square, the property provides splendid views even from the lower floors. It is situated in front of a picturesque quay with a walking promenade, which is going to have a leisure area with entertainment facilities, restaurants and cafés according to city development plan.


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Key Features

  • Land Plot Area: 719 m2
  • Gross Building Area: 3 218 m2
  • Number of floors: 5 + basement
  • Possible number of hotel rooms: 52
  • Expansion potential: 421 m2

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Development Opportunity, Mixed-Use

For Sale - ID : 82068