Development Project with a Renovated Apartment Building

Investment property in the center of Riga – a 1100 m² land plot with a fully renovated building and an approved development plan for an additional residential structure.

Existing building:
Total gross area: 725 m²
Net area: 610 m²
Number of floors: 5
Number of apartments: 33 (sizes range from 14 to 30 m²)
Renovation period: 2024–2025 (construction works fully completed)
Infrastructure and utilities:
New, modern elevator
Triple-glazed wooden windows
Gas connection

Electricity supply from “Sadales tīkli”
City water supply and sewage
TET optical internet and communication lines

Development potential:
A development plan has been designed for a new residential building in the courtyard:

Buildable usable area: approx. 1100 m²
Planned number of apartments: approx. 49
Number of floors: 6

This is an excellent opportunity for investors looking for a high-yield property with clear development potential in one of Riga’s fastest-growing districts.

Yield information available upon request.