Investment Property for sale – 11A Jāņa Asara Street, RigaFor sale: a residentia
1 200 000.00 €
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Land area, m2
1000
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Area, m2
1723
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Investment Property for sale – 11A Jāņa Asara Street, Riga For sale: a residential development project with an open construction case and renovation and reconstruction works already underway. The building is planned to be developed into a 6-storey residential building with 28 apartments, preserving the character of the historic architecture while incorporating modern technical solutions. Key Project Parameters: 6-storey multi-apartment residential building; 28 apartments; total planned building area – 1, 723.20 m²; total apartment area – 1, 360.60 m²; open construction case; construction works already underway; possibility to create up to 22 parking spaces in the inner courtyard; spacious basement with potential for storage and auxiliary premises. A significant amount of construction work has already been carried out: attic floor constructed; building façade renovated; elevator shafts constructed for both stairwells; dismantling of floor structures and structural renovation already commenced. Building Concept The project provides for 28 apartments, while preserving the historic character of the building and adapting it to modern residential requirements. The spacious basement provides an opportunity to create additional storage and auxiliary premises. The inner courtyard offers the possibility of creating up to 22 parking spaces. Location: The property is located in Grīziņkalns, a historic Riga neighbourhood characterised by traditional rental-house architecture and convenient urban infrastructure. Nearby are: Grīziņkalns Park; Daugava football stadium; sports and athletics facilities; ice rink; railway station. The location provides convenient access to Riga city centre and other parts of the city. Investment Potential Upon completion, the property can be used for either long-term rental business or individual apartment sales, providing the investor with several options for the project's future commercialisation. 11A Jāņa Asara Street – an opportunity to acquire an already initiated residential development project in Grīziņkalns and continue its development into a completed investment property. Additional Investment Opportunity: The neighbouring first building has been fully renovated and is currently rented out. There is an opportunity to purchase both buildings together, combining an income-generating property with a development project. For further information regarding the opportunity to acquire both buildings, please contact me. |
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Ad No.: 1622116
Created: 21.08.2026 / 0:15
Number of visits: 2 Today: 2Updated: 21.08.2026 / 0:15