Investment property for sale in the centre of Riga

Investment property for sale in the centre of Riga, on Čaka Street, directly opposite Ziedoņdārzs Park.
Total building area – 450 m², land area – 430 m². The property includes two wooden buildings with full city utilities and convenient access to public infrastructure.
Property details:
• The first building contains four apartments (each slightly over 40 m²) and requires full renovation.
• The second building is currently used as commercial premises (parquet store) and is leased long-term.
Income:
• The second building generates a stable rental income of approximately €1 200 per month.
Development potential:
The property is located in a prime central area with excellent potential for redevelopment or investment. Suitable for investors or developers – can be renovated, rebuilt, or maintained as an income-producing asset.