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.
This location is well suited for a business where reputation, accessibility and a prestigious address matter. For an investor, it provides a strong basis for finding tenants, while for an entrepreneur it offers the opportunity to operate in an environment where the location itself helps increase visibility.
FLEXIBLE PARKING
In Tallinn Old Town, parking is a limited resource, which makes good accessibility and a central location especially important. The property is easy to reach on foot, by public transport and via nearby city centre parking options.
The proximity to the Viru Towers provides a clear landmark and makes the property easy to find even for first-time visitors.
ADDITIONAL INFORMATION
The property offers the possibility of a 57 m² rooftop terrace, as well as the potential to create outdoor terraces on both sides of the building. The main fuse is 3x200A. According to the expert valuation dated 08.10.2025, the property value is EUR 2,000,000.
This is a quick sale. The owner wishes to complete the transaction by the end of June and is open to offers from interested buyers.