Homeownership For Sale, Kaļķu street 11, Rīga, Labais krasts, Vecrīga / 2 300 000 €

A property is for sale in the heart of Riga’s Old Town, located on Kaļķu Street, one of the main arteries of Vecrīga. The building is situated at Kaļķu Street 11 and offers eight high-class apartments. The first floor houses a commercial space, leased long-term to a restaurant/bar. The building was fully renovated in 2012.

The property was originally built in the 18th-19th centuries and was reconstructed in 1902 by the renowned architect Konstantīns Pēkšēns.
Apartment descriptions:

• Blue: 57 m² – 1 bedroom, 1 bathroom
• Yellow: 61 m² – 1 bedroom, 1 bathroom
• Mint: 59 m² – 1 bedroom, 1 bathroom
• Pink: 76 m² – 1 bedroom, 1 bathroom
• Green: 75 m² – 2 bedrooms, 1 bathroom
• White: 62 m² – 1 bedroom, 2 bathrooms
• Red: 75 m² – 2 bedrooms, 2 bathrooms
• Violet: 59 m² – 1 bedroom, 1 bathroom

Property specifications:

Total area: 1068.2 m²
Leasable area: 843.1 m²
Commercial area: 307.6 m²
Number of apartments: 8, total area 535.5 m²
The commercial space on the first floor (307.6 m²) is leased to the restaurant "Beer House".

Potential property uses:

• Generating cash flow from short-term rentals (current use)
• Selling the apartments individually
• Utilizing the commercial spaces
• Expanding the St. Roland franchise
• The building is located in a highly convenient area, just 14 minutes by car from Riga International Airport and a 9-minute walk from the Central Railway Station. Nearby are various restaurants, cafés, and shops. Kaļķu Street connects the Freedom Monument with the Daugava River embankment, making this property a strategically significant and highly desirable asset in Riga's Old Town.