Commercial Premises for Sale or Rent in
Old Riga — Palasta 9 | 109 m²
Old Riga — Palasta 9 | 109 m²
A flexible opportunity to acquire or lease commercial premises in the heart of Old Riga
- steps from Dome Cathedral Square and the Daugava riverside promenade.
The property is available for purchase at €159,000, for rent at €650/month, or under
a rent-to-buy arrangement — making it suitable for a business looking to establish
itself at a prestigious Old Riga address, or an investor seeking a commercial asset with
strong long-term rental potential.
- steps from Dome Cathedral Square and the Daugava riverside promenade.
The property is available for purchase at €159,000, for rent at €650/month, or under
a rent-to-buy arrangement — making it suitable for a business looking to establish
itself at a prestigious Old Riga address, or an investor seeking a commercial asset with
strong long-term rental potential.
Commercial Premises for Sale or Rent in Old Riga — Palasta 9
A flexible opportunity to acquire or lease commercial premises in the heart of Old Riga — steps from Dome Cathedral Square and the Daugava riverside promenade.
The property is available for purchase at €159,000, for rent at €650/month, or under a rent-to-buy arrangement — making it suitable for a business looking to establish itself at a prestigious Old Riga address, or an investor seeking a commercial asset with strong long-term rental potential.
Total area – 109.1 m², including:
- 1st floor – 70.1 m²
- Basement – 39 m² (with WC)
Basement rooms can be used as an additional workspace or storage area.
The property is available for purchase at €159,000, for rent at €650/month, or under a rent-to-buy arrangement — making it suitable for a business looking to establish itself at a prestigious Old Riga address, or an investor seeking a commercial asset with strong long-term rental potential.
Total area – 109.1 m², including:
- 1st floor – 70.1 m²
- Basement – 39 m² (with WC)
Basement rooms can be used as an additional workspace or storage area.
About the space:
Suited for:
Total area: 109.1 m². The ground floor provides 70.1 m² of well-proportioned, naturally lit workspace. An additional 39 m² basement with WC offers flexible secondary space — for storage, an archive, a private meeting room, or a technical zone.
These are not conventional street-level retail premises with large shop windows. That is a deliberate advantage: the space offers privacy, calm, and a focused working environment that many businesses actively seek in a central location.
Suited for:
- Boutique office — legal, consultancy, or representative workspace
- Design, interior, or art showroom
- Architecture or creative studio
- Yoga, pilates, or movement studio
- Workshop, masterclass, or small events space
- Art, design, or craft workshop
- Private client consultation office
Communications:
Location:
Palasta iela 9 is situated in one of Old Riga's most distinctive quarters — within walking distance of Riga's government institutions, law offices, hotels, cultural venues, and design district. Public transport at Grēcinieku iela stop, a few minutes on foot. Paid parking on 11. novembra krastmala and surrounding streets.
Transaction options
- Central heating
- City utilities
- Electricity
- Internet
Location:
Palasta iela 9 is situated in one of Old Riga's most distinctive quarters — within walking distance of Riga's government institutions, law offices, hotels, cultural venues, and design district. Public transport at Grēcinieku iela stop, a few minutes on foot. Paid parking on 11. novembra krastmala and surrounding streets.
Transaction options
- For Sale: 159 000 €
- For rent: 650 €/monthn(utilities not included)
- Rent-to-buy: Option to begin with rental and acquire later
- Area: 109,1 m² (70,1 m² ground floor + 39 m² basement with WC)
- Address: 9 Palasta Street, Old Riga, Riga
Schedule a property viewing:
Aivita Oša
aivita@relive.lv
+371 29191065
aivita@relive.lv
+371 29191065
