Land in Riga, Latvia

Strategic development land plot for sale in Vecmilgravis – Vecaku Prospekts 7 We offer an investment property ideally suited for the development of a retail park. This is the last available land plot in this location with the appropriate zoning for commercial development. Address: Vecaku Prospekts 7, Riga Land area: 7,367 square meters Zoning: DzD1 (Construction of commercial, service, or apartment buildings) Building intensity: 160% Building height: Up to 6 floors Sales price: 489,000 EUR Excellent visibility and access: The plot is located by one of the busiest road sections, providing direct entrance from two main traffic flows – the local resident movement and transit to the Vecaki seaside. Synergy with neighboring objects: A large-scale grocery supermarket (approximately 5,000 square meters) is planned right next to the plot, which will guarantee a stable and constant flow of customers for the new retail park. Target audience: More than 41,300 residents live in the vicinity. During the summer season, the transit flow exceeds 50,000 vehicles per month. Infrastructure: All necessary utility connections are available, including electricity, gas, water, sewage, and fiber-optic internet. This property is a unique opportunity to develop a modern service and commercial center in an area with high population density and minimal competition for this type of development.