Target Group and Suitability

The property is suitable for an investor, developer or entrepreneur looking for commercial real estate in Tallinn Old Town with historical value, strong visibility and versatile usage potential. The main target groups are catering operators, retail and service brands, accommodation operators and investors.

For catering and service businesses, the immediate proximity to the Viru Gates, high pedestrian flow, easy visibility and the possibility to create terraces add significant value. For an investor, the layout provides an advantage by allowing the creation of up to two separate tenants, while the upper floors of the tower offer potential for short-term accommodation, such as Airbnb.

UNIQUE COMMERCIAL BUILDING

The building has a closed net area of 501.4 m², and the plot size is 242 m². The lower floors are suitable for retail, service or catering use, where direct contact with the active pedestrian flow of the Old Town supports business activity. The layout allows for the creation of up to two separate tenants.

The upper floors offer potential for accommodation, including short-term rental use. Additional value is provided by the possibility of a 57 m² rooftop terrace, as well as the potential to create outdoor terraces on both sides of the building, which is an important advantage for catering, accommodation and experience-driven service concepts.

HISTORIC ARCHITECTURE

The building’s character is defined by its limestone tower, natural wooden beams and architecture typical of the Old Town. These details give the property a distinctive identity that cannot be replicated in the same way in a new development, helping a future business or accommodation concept stand out from competitors.

The 100% commercial land designation supports versatile use, and the building type allows the property to be developed for catering, retail or accommodation purposes. The 3x200A main fuse provides the technical capacity for more energy-intensive business solutions as well.

OUTSTANDING LOCATION

Pärnu mnt 2 is located in the heart of Tallinn Old Town, in the immediate vicinity of the Viru Towers. This is a location where visibility and ease of finding the property work directly in favour of the business. Proximity to the main pedestrian routes of the Old Town, tourist flow and the city’s central business activity makes the property attractive to both local customers and international visitors.

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