Sale | Houses | House ownership

Prime Investment Property in Riga City Center – 7-Story Building with Stable Cash Flow

Address: Intersection of Brīvības and Miera Streets, Center, Riga

Total Building Area: 3,176.3 m²

Land Area: 875 m² (owned)

An excellent opportunity to acquire a historic pre-war residential and commercial building in the active business center of Riga (architect Ērihs Gustavs fon Betihers). The property is fully tenanted, generating a steady cash flow. A significant advantage – there are no Soviet-era rental agreements in place.

Property Layout & Details:

Residential Area (2,004.8 m²): 19 apartments, currently leased to short-term tenants. The apartments are in varying technical conditions.

Commercial & Office Space (617 m²): Retail and office spaces located on the ground floor and basement (areas: 86.2 m², 376 m², and 150 m²). These spaces have recently undergone cosmetic repairs.

Additional Income: Paid visual advertising space is leased on the exterior wall of the building.

Technical Solutions & Utilities:

Heating: Connected to the central city heating network and gas heating.

Utilities: Central city water supply and central sewage system.

Construction: Reinforced concrete foundations, silicate brick exterior walls, wooden floors/ceilings, wooden windows. The building is in satisfactory technical condition.

Infrastructure & Extras:

A closed courtyard (150 m²) providing parking space for 7 cars. Prime location with high pedestrian and vehicle traffic, surrounded by shops, cafes, and excellent public transport links.

For more information regarding the cash flow or to schedule a viewing, please contact us!