Land Riga, Latvia

Latvia, Riga

$13,68M

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ID: 3424407

In CRM: 94643

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

Last update: 27/05/2025

Location

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Country

Latvia
City

Riga
Address

Tirgonu iela

Description

We sell a land plot for development in the heart of Old Riga with a total area of 2484 square meters.

Favorable location - near the Town Hall Square, Peter's Cathedral, the House of Blackheads. Excellent offer for the development of the quarter between the streets of Kaļаu, Tirgoņu, M. Monētu and Jaunavu.

Currently, the territory is leased for summer cafes and a folk crafts market. The rent guarantees a permanent income for the maintenance of the property.

2 scenarios for the development of this land plot have been developed. The first involves the construction of a hotel complex, the second - apartments. Depending on the chosen option, it is possible to build a complex with a total area of 14600 sq.m. with an underground parking lot for 60 cars, six above-ground floors and a functionally used roof.

The Old Town District is a historical and architectural masterpiece of the Middle Ages, adapted to life in the 21st century. This is a great place for the development of the tourist business with comfortable hotels, banks, offices and bureaus, places of entertainment and recreation, restaurants and cafes, concert and exhibition halls, antique salons and galleries, famous theaters, including the Latvian National Opera.

Please contact us for more information about the project!