A project with approved plans and building permit

Development project for sale on one of Riga’s main arterial roads – Brīvības Street.
Offered is a 1079 m² land plot with a fully developed and approved construction project for a residential building with commercial premises on the ground floor. The project envisions a seven-storey building with a total area of 2328.51 m², of which 1928.51 m² are designated for residential use – a total of 32 apartments ranging from compact 32.39 m² units to spacious apartments of up to 289.2 m². In addition, 400 m² of commercial space is planned, including 362.3 m² allocated for retail or restaurant use, with three separate entrances from the street. The building will also feature spacious terraces with city views.
The construction project is fully approved, a building permit has been issued, and all necessary utility connections – electricity, water, and sewage – are in place. According to financial calculations, the projected return on investment is no less than 27%, with detailed calculations available upon request.
This project combines a great location with thoughtful architecture, making it an excellent opportunity for real estate developers and investors alike. Brīvības Street is one of Riga’s busiest and most visible thoroughfares, where quality residential and commercial real estate is consistently in demand, ensuring stable long-term returns.