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development land in the Old town for sale

12,000,000 €
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  • Land area
    2,484 m²

Development land for sale in the very center of Old Riga with a total area of 2484 sq. m.

Perfect location near the Town Hall Square, Peter’s Cathedral, House of the Blackheads. An excellent proposal for the development of the quarter between Kaļķu, Tirgoņu, M. Monētu and Jaunavu Streets. At the moment, the territory is leased for summer cafes and a market for folk handicrafts. The rent guarantees a steady income for maintaining the property. There are 2 scenarios developed of this land. The first involves the construction of a hotel complex, the second — apartment building. Depending on the option chosen, it is possible to build a complex with a total area of 14,600 sq. m. with underground parking for 60 cars, six floors above and a functionally used roof. The Old Town district is a historical and architectural masterpiece of the Middle Ages, which is adapted to the 21st century. This is a great place for the development of tourism business with comfortable hotels, banks, offices and bureaus, places for entertainment and recreation, restaurants and cafes, concert and exhibition halls, antique salons and galleries, famous theaters, including Latvian National Opera. Please contact us for more information about the project!

Extra opportunities

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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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 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

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

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