Provide viewing of site content and gaining access to functionality. This type of cookies is used only for the correct operation of the site and is not transferred to third parties. Disabling is impossible without disrupting the functioning of the site.
Analytical cookies
Help us improve the performance of the site, your experience of using the site and making it more convenient to use. The information that these types of cookies collect is aggregated and for this reason anonymous. Used to provide statistical indicators of site use without identifying users.
Advertising cookies
Allow us to reduce our marketing costs and improve user experience.
Realting.com uses cookies to improve your interaction with the website. You can configure which cookies will be saved on your device.
Learn more
Building Reconstruction into a Residential Project
Riga, Central Market area (UNESCO)
Investment Property
Spīķeru iela 9
A detached building with freehold land is for sale.
Price: €990,000
Price per m²: €520.23/m²
Total building area: 1,903 m²
Land plot area: 573 m²
Floors: 4
The property is located within the Riga Central Market area — a UNESCO-protected architectural ensemble.
Key Project Advantage:
✔ Approved reconstruction project (Būvvalde)
The project предусматривает:
• 43 apartments (22–46 m²)
• 18 storage units in the basement
The project is fully ready for implementation.
Current Building Condition:
Currently, the building includes:
• Warehouse premises
• Retail spaces
• торговые halls
• Basement
• Loading ramp
• Freight elevator
Engineering systems:
• Autonomous gas heating
• Connected to all city utilities:
– water supply
– sewerage
– electricity
Location — Strategic Advantage
The property is situated in a unique location:
• Riga Central Market territory
• Historic city centre
• High tourist and pedestrian traffic area
• UNESCO heritage zone
Location advantages:
• Strong demand for compact apartments
• Attractive for short-term and long-term rentals
• Developed infrastructure
• Excellent transport accessibility
Residential Concept:
Apartment sizes: 22–46 m²
Target audience:
• Young professionals
• Students
• Short-term rental tenants
• Investors (rental strategy)
Format advantages:
• High liquidity of small units
• Fast market absorption
• High yield per m²
• Possibility to sell units individually
Investment Highlights:
✔ Approved project ready to execute
✔ City centre location
✔ Freehold property
✔ All utilities connected
✔ Development potential
✔ High capital appreciation potential
Return Potential:
The project allows:
• Selling units individually
or
• Creating a rental income portfolio
or
• Selling the property post-reconstruction as a turnkey investment product
Low entry price: €520/m²
High upside potential after redevelopment
