Commercial property in Riga with a redevelopment opportunity

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Commercial property in Riga with a redevelopment opportunity

1,000,000 €
434 € /m²

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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  • Total area
    2,304 m²
  • Built in 
    1965
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Details
Property parameters
  • Leasable area: 2,257 m²
  • Land area: 5,753 m²
  • 3-floor building
Tenants
  • Occupancy: 100 %

It is a property for sale, consisting of a main building, two garages and a warehouse.

Description

The total flor area is 2,304 m².

The plot of 5,753 m².

The first building was constructed in 1965 and the last one in 1993.

All areas are leased out to a single tenant.

Redevelopment

The main building might be released at a higher rate after some cosmetic repairs.

There is also a possibility to build additional premises or buildings for extended commercial or residential use.

Location and nearby infrastructure

The property is situated in 10 minutes from the center of Riga, next to one of the main streets.

There are two major shopping centers, office building, school and medical center in a few minutes' drive.

Bus stops are within the walking distance, main railway station is within 7 km distance, Riga Airport is 16 km away.

  • Property on the map
    Location right down to the building, street or city

Statistics in Riga

Price per m², €
1,733
Healthcare efficiency level
62
Index 62 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
62
Index 62 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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If this property wasn’t for you, take a look at other mixed-use buildings for sale in Latvia.

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Enquire about this mixed-use building
Julia Morozova
Julia Morozova
Project Manager at Tranio.Com Capital Markets Department
+44 17 4822 0039
  • Bank financing from 4.8% annually
  • Property, plot and construction site survey
  • Management company services
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