An Old Town address with stature and future value.

Smilšu Street 7, Riga — a distinguished Old Town asset with compelling long-term value

Smilšu Street 7 offers a historic administrative building in the very heart of Riga Old Town, positioned between Smilšu and Meistaru Streets and benefiting from access from both sides of the block. The property comprises an 831 m² land plot and a building with a total area of approximately 3,169 m². Originally commissioned in 1812 and renovated in 2002, the asset is best suited for office and administrative use.

This is more than simply a property in Old Riga — it is an address with presence, architectural substance and a clear path to value enhancement through considered refurbishment. While the building is generally assessed to be in satisfactory condition, the identified scope for improvements to the façade, roof structures, waterproofing, windows and internal engineering systems creates a well-defined repositioning opportunity. This rare combination of prestigious location, historic character and tangible value-add potential makes the property particularly attractive to investors seeking a meaningful acquisition in one of Riga’s most tightly held heritage segments.

In Old Riga, value is defined not only by square metres, but by address, status and the ability to restore a building to its full significance.