Investment property, 13.janvāra street, Centrs / 1152000€

Property description

A six-storey commercial building is offered for sale in a prime first-line location in Old Riga.
The property is in excellent technical condition, with solid and structurally sound load-bearing elements and reinforced concrete floor slabs.

+ The building was constructed in 1974 and is equipped with two elevators.
+ It offers panoramic views of the rooftops of Old Riga, the Daugava River, the Central Market and the Latvian Academy of Sciences.
+ The property includes an underground garage for one vehicle, with the theoretical possibility of expansion.
+ There is potential to create a rooftop terrace or, subject to obtaining the necessary approvals, to evaluate the possibility of constructing an additional floor.
+ The heating substation, engineering utilities and electrical systems are in good technical condition.
+ The building will be delivered fully vacant in the fourth quarter of 2026.

Development Potential:

Thanks to its prime location and functional layout, the property is well suited for a variety of development scenarios, including:

+ conversion into a hotel;
+ development of apartments or compact residential units;
+ continued use as an office building or conversion into modern office premises.

Object on the map