Revenue house 5 197 m² in Riga, Latvia

We offer for sale an excellent investment property - a land plot of 1.7 hectares and buildings for reconstruction with an inspiring history and many opportunities in the future!



Set of two adjacent land plots: 15,334 m2 and 1,636 m2 with two existing buildings.



The main building is an excellent example of industrial architecture and is well known as the former bicycle factory of G. Ehrenpreis.

The current technical project for the first stage, prepared by the architectural company, includes the reconstruction of the existing main building into an office center and the construction of a ground parking.



The building permit is valid until 04.09.2025.



The type of building allows you to build the same residential premises!



Description:

Mixed Development Zone (JC2)

- total land area 16,970 m2

- operating electricity with a capacity of 2200 kW

- all other urban communications: gas, water, heating, etc.

- next to the object is the main street Brivibas

The street along the territory is a servitude road in favor of this property

- railway tracks near the facility, the nearest Zemitan station is 16 minutes walk away

Existing main building area 5,197 m2

- 5 high floors with open rooms

- ceiling height from 3.50 m to 6 m

The first stage project includes the reconstruction of the existing building to a total area of 6,058 m2 as a class B office center with public services and ground parking for 162 parking spaces.



Price 2,100,000 EUR + VAT.