Kalēju iela 18/20, Rīga, Vecrīga

For sale representative commercial premises in the very heart of Old Riga - Kalēju Street 18/20, 1st floor.
The premises are located in one of the most beautiful and active streets of Old Riga, next to Jāņu Sēta and directly behind the shopping center "Galerija Centrs", ensuring excellent customer flow and visibility.
The property has an excellent facade exposure - with large floor-to-ceiling windows and doors from Kalēju Street, which create an elegant and noticeable environment for a store, salon, restaurant or premium class office.
Currently, the premises are leased with a yield of 7%
Total area of the premises: 223.70 m²
The ceiling height reaches 4.35 m, giving the premises a feeling of spaciousness and luxury.
The property has a coordinated ventilation outlet, which allows the premises to be adapted to the needs of a restaurant or cafe.

The building was built in 1900 as the “First Private Pawnshop” building according to the project of the prominent Baltic German architect Wilhelm Ludwig Nikolai Bockslaff. The history of the Riga Pawnshop, in turn, began as early as 1802.
The interior of the premises is truly majestic — decorative wooden panels, authentic stained glass windows and historical elegance have been preserved, harmoniously combined with modern comfort. In 2001, the building was completely renovated under the leadership of architect Zaiga Gaile, replacing all engineering communications and technical networks.

This is a unique property with an excellent location, historical value and extensive opportunities for premium business development in Old Rigapremium location, and versatile business potential in Old Riga.