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A historic industrial property offering significant mixed-use redevelopment potential in Latvia’s capital city
MARIVA CONCEPT is pleased to introduce a new development opportunity in Riga, Latvia – a unique property combining industrial heritage, strategic location and significant potential for future transformation.Located at Brīvības gatve 193, the property represents an exceptional opportunity for developers and investors seeking a larger-scale project within one of the Baltic region’s most dynamic urban environments.
The opportunity includes approximately 16,970 m² of land together with a historic industrial building of approximately 5,197 m², offering flexible possibilities for redevelopment, renovation and adaptive reuse.
From Industrial Heritage to Future Development
The property is connected with Riga’s industrial heritage and represents a building with strong architectural character and historical value.
The existing five-storey structure features spacious open-plan areas, high ceilings and a layout that provides flexibility for future concepts. The combination of existing building volumes and substantial land area creates attractive possibilities for investors looking to develop a distinctive project in Latvia’s capital.
Rather than being a traditional real estate asset, Brīvības gatve 193 represents an opportunity to transform an existing urban landmark into a modern development concept adapted to future market needs.
Flexible Mixed-Use Development Potential
Located within a designated Mixed-Use Centre Development Area (JC2), the property offers a wide range of possible applications.
Potential development concepts may include:
- Residential redevelopment
- Mixed-use urban projects
- Office and business spaces
- Commercial and service facilities
- Creative or cultural concepts
- Other investment-oriented developments
The flexibility of the property allows investors and developers to evaluate different strategies depending on their vision, market requirements and long-term objectives.
Strategic Location in Riga
Riga continues to strengthen its position as an attractive destination for international investors due to its strategic location within the European Union, established infrastructure and growing urban development potential.
Brīvības gatve 193 benefits from excellent accessibility and connection to the city’s transport network. The surrounding area provides convenient access to everyday services, retail locations, educational facilities and public infrastructure.
The combination of an established urban environment and future redevelopment possibilities makes this location particularly interesting for investors looking for opportunities beyond traditional residential acquisitions.
A New Opportunity for International Investors
For international investors, especially those exploring the Baltic real estate markets, opportunities of this scale and character are increasingly limited.The property offers a combination of factors that are difficult to replicate:
- A significant land area within the capital city
- Existing building infrastructure
- Flexible redevelopment possibilities
- Strong urban location
- Potential for long-term value creation
MARIVA CONCEPT focuses on identifying and presenting selected real estate opportunities across the Baltic region, connecting international investors with carefully chosen properties that offer strategic potential.
Explore the Full Development Opportunity
The complete property presentation, including detailed information, images and investment specifications, is available on the official MARIVA CONCEPT property page.→ View Brīvības gatve 193 Development Opportunity
For further information or to request additional documentation, please contact the MARIVA CONCEPT team.
MARIVA CONCEPT Connecting international investors with selected real estate opportunities across the Baltic region.
