Eduarda Smiļģa iela 28, Rīga

Unique investment opportunity – prime land plot in the heart of Agenskalns, Riga, 28 Eduarda Smiļga Street:

• Total area: 1731 m²
• Includes 560 m² currently located beneath a multi-apartment residential building (generating €5000/y rental income)
• Asking price: €109,000 or €63/m²
• Annual property tax (NĪN): €1240
• Zoning: Residential development for multi-apartment buildings up to 4 floors (cadastral code 0702)
• First-line location, directly facing the street
• Unencumbered and mortgage-free

The land gains additional historical value due to its proximity to the restored and terrain-integrated Stolcer House. This plot once hosted the Pahn manor, which was demolished during the Soviet era around 1985.

A location that inspires!
Within walking distance: the expansive Victory Park, the serene Kobe Garden with its cherry blossoms and ponds, and the newly built Riga Observation Wheel.

This is more than just a land plot — its a platform for the future. A rare opportunity to build something lasting, generate income, and become part of the story of historic Hāgenskalns, where past and future meet.