Investment opportunity in Teika!

For sale: strategically located commercial property in Riga, 8 Krustabaznicas Str.– right on the border of Ciekurkalns neighborhood, in a highly visible location with excellent visibility and cash flow potential!

Total land area 2,350 m² – comprising three combined plots for flexible development opportunities.

Sale Price: 278,000 EUR.

Property:

1. Plot 609 m² (cadastre no.01000910014) including:

1.1. Two-story wooden residential building 145 m² (built in 1927, not listed as a cultural monument – ideal for reconstruction),

1.2. Shed 18 m²,

1.3. Shed 9 m².

2. Plot 862 m² (cadastre no.01000910427) with a third-part owned building 63 m² (land lease and not for sale).

3. Plot 878 m² (cadastre no.01000910426) – undeveloped land currently featuring a container-type tire service generating rental income right now.

Ideal location for business and development:

• Asphalt access roads from all sides.
• Directly next to the railway crossing – just 50 meters from Ropazu iela and 200 m from Brivibas gatve.
• Quick access to the city center, public transport, and high traffic flow – perfect for trade, services, warehouses, education/sports facilities, or new construction projects.
• Note: part of the territory within the citys “red lines”, which is a regulatory consideration.

This is a rare investment offering in the dynamic Teika district, where building intensity and real estate values are steadily rising.