A land plot with a ready project in Riga centre for sale

€1 600 000
ID 133903 Uploaded 15.05.2026
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Land plots
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Property description
An investment land plot with a ready technical project is offered in one of Riga’s fastest-growing districts — Grizinkalns, next to Ziedondarzs park. The area shows strong growth in rental and sales prices, making it a highly attractive real estate investment in Riga and the Baltic region.

The project includes a modern 7-storey residential building with 180 apartments, including 140 studio units of approximately 28 m^2, targeting the high-demand rental market. Additional space with ceiling heights above 4 meters allows for flexible commercial or mixed-use concepts.

The land plot of 2,870 m^2 with a total GBA of ~9,400 m^2 and NLA of ~6,350 m^2 represents a strong residential development opportunity in Riga with high yield potential.
Agency: Mercury Group Ltd
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