Mar 21 • 06:56 UTC 🇱🇹 Lithuania Lrytas

A Million-Euro Deal in Klaipėda Old Town: The Buyer Will Receive More Than Just a House

A residential property in Klaipėda's Old Town is on sale for 1.2 million euros, offering the buyer not only a house but also a construction project and permission to start building.

In Klaipėda's Old Town, a notable real estate deal is unfolding as a three-story residential building, covering approximately 170 square meters, is up for sale along with a plot of land and an approved project for a new home. The total asking price is 1.2 million euros, and the owners are looking to sell both properties together, emphasizing that they will not be sold separately. This approach not only enhances the property's value but also provides potential buyers with an immediate opportunity to develop the land further.

The proposed project at the intersection of Daržų and Šaltkalvių streets aims to reconstruct a one-story house with an attic, which was demolished during the Soviet era. The draft proposals for this new building were presented to the public in 2024, indicating significant community engagement in the project. The plans point towards modernizing the area while honoring its historical context, as the rebuild will reflect elements of the past while offering contemporary living spaces.

The sale listing highlights the advantage for the new owner, who can initiate construction right away without undergoing lengthy planning and permitting processes, which can often be a bureaucratic hurdle in real estate development. Additionally, the new house could serve various purposes beyond permanent residence, providing flexibility for potential buyers interested in either personal or investment opportunities. This deal is indicative of the vibrant real estate market in Lithuania, particularly in culturally rich areas like Klaipėda.

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