Revenue house 749 m² in Riga, Latvia

Latvia, Riga
$684,017
$913/m²
;
ID: 3424258
Property ID on Realting
In CRM: 94390
ID of the ad on the website or in the company’s CRM
Last update: 27/05/2025

Location

  • Country
    Latvia
  • City
    Riga
  • Address
    Mednieku iela

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $913/m²
  • Total area
    Total area
    749 m²

Description


The prestigious location of the building makes it particularly attractive for long-term investment development.



Total area of the house: 749.6 m2:



- the height of the basement floor - 2.1 m,

- 1st floor height - 3.9 m,

- 2nd floor height - 3.35 m,

- 3rd floor height - 2.6 m.



The project of reconstruction of the building in accordance with all norms and requirements of the City Construction Authority, taking into account its status as an architectural monument, was also developed.



The project includes not only the restoration of the existing building with the preservation of all elements and the wooden facade, but also offers options for increasing the area of the building to maximize profits in the future of its further development.



The building can be used as a hotel or office center.



This is a great investment offer for a reasonable price in the most respectable area of Riga! Contact us for detailed information about this facility.




The building is located in the prestigious quiet center of Riga, surrounded by the quarter of embassies.

Excellent infrastructure and convenient communication with other areas of the city. Nearby are several beautiful green parks, Old Riga with all the sights, shopping centers, exquisite restaurants, districts of historical architecture in the style of Art Nuovo (or Jugend). Many respectable offices, expensive hotels, luxury apartments are located in this area, as it is considered the most prestigious part of the center of Riga and is called the Quiet Center.

The wooden building is an architectural monument and national heritage under the protection of the world organization UNESCO. No one lives in the building and is ready for renovation. The architecture of the building is quite simple with small wooden elements. All city communications. The facade, walls and ceilings are wooden.

The plot of land on which the building in the form of a trapezoid is located, with a total area of 882 m2. It borders Mednieku Street and neighboring land. 50% of the land is occupied by the house, the rest is the courtyard.

Location on the map

Latvia, Riga
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