Rīga, Vecrīga, Teātra iela 9

About this property

An architectural gem in the heart of Riga – 9 Teātra StreetOne of the most magnificent properties in central Riga is now for sale—a historic landmark offering an unparalleled panoramic view of the Latvian National Opera, Opera Park, and the Grand Hotel Kempinski Riga.The building was constructed in 1903 according to a design by the renowned architectural duo Heinrich Scheel and Friedrich Scheffel.Facade: A magnificent blend of Renaissance and Baroque styles with Art Nouveau elements.Symbolism: The building is adorned by a group of Atlantean figures created by the famous sculptor August Folc, holding up an illuminated glass globe (restored in 1989).Cultural-historical connection: Historically, this was the site of Kārlis Zihmanis’ bookstore, and this tradition continues today with the “Zvaigzne ABC” bookstore operating on the first floor.Condition: The building is in good technical condition and equipped with a modern elevator. Part of the building is leased, providing a monthly cash flow.The property is suitable for conversion into a hotel or rental apartments, a corporate office, or apartments for sale.Contact us for more information about this or other investment properties in Riga and Latvia.Read more