Residential building for student hotel development

Investment opportunity – building located between three universities!

A property in an excellent location ensuring consistently high demand for rental spaces. Nearby are the University of Latvia, the Transport and Telecommunication Institute (TSI), and ISMA – students are the main target group, guaranteeing stable rental income.

Key benefits:

Flexible layout: service hotel, hostel, dormitory, or apartment building

Capacity for up to 67 beds, providing a stable income model

Property description:

Renovated administrative building (built in 1976, renovated in 2006)

Spacious land plot – 3,822 m², with development potential

Permitted construction up to 6 floors

The building has two stairwells and multiple entrances, allowing it to be easily divided into independent sections

Available utilities: electricity, city water and sewerage, district heating (“Rīgas Siltums”).