For Sale – Architectural Art Nouveau Masterpiece – Audēju iela 7, Vecrīga (Old Town), Riga, Latvia

Address: Audēju iela 7, Vecrīga (Old Town), Riga, LatviaType: Mixed-Use (Residential / Retail / Hospitality)Total Area: 2,000 m²Plot Size: 469 m²Floors: 5 + BasementStatus: Architecturally & Technically SoundPrice: €3,000,000

Apartment Features:

• Historic Art Nouveau landmark designed in 1899 by architect Alfrēds Ašenkampfs

• Recognized as Riga’s first Art Nouveau building, marking the start of a world-renowned movement

• Located in UNESCO-listed Vecrīga (Old Town) – the cultural and tourist heart of Riga

• Mixed-use zoning suitable for residential, retail, or hospitality functions

• Structurally sound with an approved redevelopment concept

• Partially leased – ground-floor retail/bar currently tenanted

• Façade restoration approved, including plans for a new elevator and modern infrastructure

Building Info:

• Planned 16 luxury residential apartments on upper floors

• Retail / restaurant / gallery spaces on the ground and mezzanine levels

• Elevator installation and full building modernization included in the concept

• Surrounded by heritage landmarks, restaurants, and boutique hotels

• Located in Riga’s Old Town, offering strong tourism and investment potential

• No cultural or environmental restrictions preventing redevelopment

Extras:

• Exceptional yield potential:

  • Boutique Hotel – 6–8%

  • Residential Rental – 5–6%

  • Mixed-Use – up to 7% (retail already leased)

• Strong capital growth – limited supply of comparable Art Nouveau assets

• Ideal for heritage redevelopment, boutique hospitality, or premium investment

💼 Contact Bryan Estates:

Own a landmark piece of Riga’s architectural history — a true Art Nouveau masterpiece with exceptional redevelopment potential.

📞 Enquire today with Bryan Estates🌐 www.bryanestates.ee

Built on Tradition. Driven by Excellence.