Investment property in Riga city centre.

We present a unique investment property in the city centre of Riga, combining the charm of historic architecture with vast development potential.
The property consists of a land plot and three buildings – two apartment houses and a garage complex – currently offering 15 small apartments and spacious garages.
It is an excellent project for urban lifestyle enthusiasts and “petrolheads” wishing to combine comfortable living with the convenience of storing and maintaining their cars or motorcycles right in the city centre.

The total existing building area is 1,460.7 m², yet with reconstruction and the addition of a new building, the total volume can be expanded to around 4,000 m². Located in the Mixed-Centre Development Zone (JC8), the property offers flexible development opportunities – residential, commercial, or mixed-use.

Development Potential

This property is ideal for renovating existing buildings or implementing a large-scale new project with modern apartments, offices, or a mixed function. Spacious garages and the courtyard allow for the creation of a private parking area or even an exclusive space for a car/motorcycle collection. With a potential total floor area of up to 4,000 m², this is a strong foundation for a high-value development project in the centre of Riga.