Sale | House ownership | Apartments and commercial

Residential Development Project with Approved Renovation Permit in Riga

A unique opportunity to acquire a ready-to-develop residential project located in the Ogres, Indrupes and Zilupes Street district, just minutes from Krasta Street and Riga city centre.

The property comprises a 3,475 m² land plot with two buildings totaling approximately 2,800 m², offering excellent development potential.

Project Highlights

Approved renovation project and change of use to a multi-apartment residential building.

Construction can commence immediately.

Designed for modern compact apartments with strong rental and sales demand.

Potential to add an additional fifth floor.

The project includes a spacious parking area and a landscaped children's playground.

Current Building Condition

Buildings are fully vacant.

Partial demolition has already been completed, reducing future construction costs.

All windows have been replaced with modern double-glazed units.

Connected to Riga's district heating system.

Full city utilities are available.

A separate 796 m² two-storey building offers additional flexibility and can be incorporated into the residential development or adapted for another purpose.

This is an excellent investment opportunity for developers seeking a project with completed approvals, reduced development risk and immediate construction potential.

Contact REALAT for the full project documentation, architectural plans and investment information.