Property building for sale, Vaļņu street, Vecrīga / 1532760€

Property description

Charming property in Old Riga, located on quiet yet vibrant Vaļņu Street – with great potential for conversion into a hotel or rental apartment building.

✔ The building is conveniently located near all essential infrastructure – just a few meters from 13. Janvāra Street, offering easy access to public transport, the central bus station, and railway connections
✔ Beautiful, historically rich façade with restored original elements, giving the building strong character and classic Old Riga elegance
✔ The façade is in good condition, though the overall structure has a high level of wear – full reconstruction is required
✔ Prime location with high foot traffic, yet on a non-through street, ensuring a quiet atmosphere with parking available directly by the building
✔ Ideal for both residential and commercial use – originally built as a rental apartment house
✔ Currently holds the status of an administrative building; for many years served as a trade union headquarters

Historical note:
The building at Vaļņu Street 32 was constructed in 1881 as a rental apartment house with retail space. Architect – the renowned Jānis Frīdrihs Baumanis.

Object on the map