A timeless investment opportunity in the heart of Riga!

Exclusive Property in Riga City Center, Stabu Street 18
Latvia Sotheby’s International Realty presents a unique opportunity to acquire a historic and sophisticated property located in one of Riga’s most vibrant and prestigious areas – Stabu Street, between Tērbatas and Brīvības Streets. This five-story building, featuring an Italian Renaissance-style façade and a rich history, offers excellent potential for both investment and development.

Architectural Heritage
Designed by renowned architect Herberts Melbārts, this property is not just functional but also a masterpiece of artistry. The Italian Renaissance-style façade, with its exquisite details, and the architect’s tools – a square and a compass – displayed above the gates, highlight the building’s connection to its creator and the architectural excellence of its era.

The façade restoration, carried out by the "Berga Fasādes" team, brought back its original splendor using authentic materials and colors, ensuring the building remains a valuable landmark in the city.

Property Specifications
Total area: 1376 m²
Usable area: 1185 m²
Building footprint: 318 m²
Land plot: 351 m²
Current status: Administrative building (can be converted into residential use)
Number of stories: Five, with an additional basement
Property Highlights
Fully leased: Except for the basement, generating a monthly income of approximately €4000
Flexible layout: Divided into seven functional units, providing versatile usage options
Conversion potential: The building historically held residential status, offering an opportunity to transform it into an exclusive residential property
Technical condition:
Foundations and walls made of solid brick masonry (2.5 bricks thick or more)
Wooden beam floors
Metal sheet roofing with anti-corrosion coating
Prime Location in Riga City Center
The building is situated in a prime location, offering excellent access to the city’s infrastructure and the historical center. Nearby, you’ll find public transport, shops, restaurants, and cultural landmarks.

Investment Potential
This property is an ideal choice for those seeking a stable and profitable investment or a prestigious real estate asset with rich history and exceptional architecture.

📞 Contact Latvia Sotheby’s International Realty for detailed information or to schedule a viewing!