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Inverstment project in the center of Riga…

2,500,000 €
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Total area: 2,834 m²
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  • Land area: 818 m²
  • 5-floor building
  • 5 floor

For sale is offered household with perfect location — just 200 m to Old Town, 150 m to Central station, 8 km to Riga Airport.

Central location and good transport connections allows to create modern high class hotel or hostel, but property might be also used as office or residential building.

Household was build in 1880, based on first Latvian architect with academic grade- Fridrih Baumanis project.

Historical facade of the building remains unchanged till nowadays.

In 2006 building has gained status of Historical heritage of Riga.

There is sketch renovation project, that offers to re-construct building into hotel(47 rooms: 24- single rooms, 23- double rooms).

It is possible to install elevator in the building, as well as increase size of the building by adding mansard floor. There are 2 staircases located in the building.

Land plot is 818 m². There is parking for the tourist buses and small inner yard can be converted into parking lots or nice green zone.

We can assist to attract Hotel operator as have some preliminary agreements (if needed).

Statistics in Riga

Price per m², €
Healthcare efficiency level
Index 62 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
Index 62 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,759.52
Apartment in a bedroom community, m² 1,088.93
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.6
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.58
Milk, 1 l 0.9
White bread, 500 g 0.84
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.25
Education Price, €
Kindergarten, per month 320.58
International school, per year 11,055.56
Health care index
Staff competence 67.67
Medical equipment 70.77
Research accuracy and completeness 62.84
Attitude towards patients 60.67
Security index
Crime rate 38.05
The risk of being robbed 32.14
The risk of car theft 46.63
The risk of break-in and property damage 47.09

The data is provided by and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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If this property wasn’t for you, take a look at other mixed-use buildings for sale in Latvia.

You can see more mixed-use buildings for sale in Central District elsewhere on our website.

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Andrei Burak
Real Estate Expert Tranio in Central District
+44 17 4822 0039
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