Land Riga, Latvia

Latvia, Riga

$5,36M

Leave a request

ID: 3424406

In CRM: 94642

ID of the ad on the website or in the company’s CRM

Last update: 27/05/2025

Location

Show on map

Country

Latvia
City

Riga
Address

Kaleju iela

Description

We offer for sale an exclusive plot of land for development - a quarter in Old Riga between Kalei, Peitavas and Kungu streets.

The property is located in a quiet part of Old Riga, a short walk from the main cultural, historical and religious monuments. Developed infrastructure, many beautiful and cozy hotels, restaurants, cafes, and other places of entertainment. Old Riga is the cultural center of the city. It houses the Latvian National Opera, theatres and many museums. Nearby there are shopping centers ORIGO, STOCKMAN, as well as a bus station and railway station.

According to the architectural and planning task issued by the Construction Department of Riga for Peytava Quarter, several development scenarios have been developed for a land plot with a total area of 1710 sq. m.

reconstruction and partial new construction of a residential building on the site of Peitavas with an area of 801 sq. m., the total area of which after construction is 1726.3 sq. m. or 24 apartments - the project is agreed in the minimum composition. Price EUR 1'500'000

reconstruction and partially new construction of a residential building on the Kaleu plot with an area of 522 square meters, the total area of which after construction is 1526.3 square meters. m or 26 apartments. It is planned to complete the construction of the building by 01/07/2021. There is a preliminary agreement with the tenant to rent the entire house after commissioning. Price EUR 1'500'000

construction of 992.2 sq. m. or 9 apartments on an undeveloped land plot of 387 sq. m. on Kungu Street. Within the framework of the architectural competition, a project for the development of the site in a minimum composition was developed. Price EUR 2,000

Total value of the quarter EUR 4'700'000

It is possible to purchase real estate together with the development project and visualizations or 100% of the capital of the company that owns the real estate and the project.

Please contact us for more information about the project!