Sale | Land | High rise land

Prime Investment Property in the Center of Riga – Pērnavas Street 13

We offer a highly prospective land plot of 1,502 m², strategically located on the border of the city center. The property is situated in a mixed center development territory (JC8), providing wide and versatile opportunities for both residential and commercial development.

Development Vision and Potential:

Two potential residential development concepts have been designed for the site:

Scenario 1 (Maximum Yield): Total building volume of 4,410 m² (including 1,320 m² underground parking and 3,090 m² residential area). Planned apartments: 45, parking spaces: 40. Building intensity: 205%.

Scenario 2 (Exclusive Development): Total building volume of 1,780 m². Planned apartments: 20, parking spaces: 27. Building intensity: 118%.

Zoning Regulations:

According to the Riga Development Plan, the property is located in a mixed-use zone, allowing for the development of both residential and commercial functions. The area is designated for perimeter development, and based on preliminary development plans, the maximum permitted height is 7 floors.

Location & Infrastructure:

The main advantage of this property is its excellent infrastructure and proximity to Riga's Central Business District. Schools, kindergartens, and public transport networks are easily accessible. The "Domina Shopping" center is just 1 km away, and several city parks are located within a 1 km radius, offering great leisure opportunities.