Historic Property with Modern Potential

Exclusive Investment Property in the Heart of Riga – Aspazijas Boulevard 20 and Vaļņu Street 18
A unique real estate opportunity located in the very heart of Riga – Old Town, between Aspazijas Boulevard and Vaļņu Street. This culturally and historically significant property offers an excellent opportunity for both investors and developers seeking a prestigious and high-potential property in the capital’s central area.

• Land plot: 1,095 m²
• Total building area: 5,747.6 m²
• Aspazijas Boulevard 20: built in 1870, area – 3,815.7 m²
• Vaļņu Street 18: built in 1910, area – 1,931.9 m²
• Ground floor and partial basement: commercial premises with large display windows, suitable for retail or food service businesses
• 2nd–4th floors and part of the 5th floor: administrative premises, partially leased, generating regular income
• 5th–7th floors: apartment development underway with potential for high-end residential units

The buildings are of cultural and historical value and are included in the architectural heritage list.

The property is located in a prestigious area with high pedestrian and transport flow. Nearby:

• Freedom Monument
• Bastejkalns Park
• Latvian National Opera and Ballet
• Several churches and cultural landmarks
• Government institutions, hotels, restaurants, and public transport hubs

Additional information upon request.