Historic Development Opportunity in Riga

Brīvības gatve 193 • Riga, Latvia

Prime Mixed-Use Development Site with Historic Industrial Building

Located on one of Riga’s main urban corridors, this exceptional development site offers a rare opportunity to acquire approximately 16,970 m² of land together with a historic industrial building that has played an important role in Latvia’s industrial heritage.

The property combines a substantial land area, flexible mixed-use zoning and existing infrastructure, creating excellent conditions for a wide range of future development concepts. Whether envisioned as a residential neighbourhood, a mixed-use destination, modern office space or a carefully restored landmark project, Brīvības gatve 193 represents a unique investment opportunity within the Latvian capital.

Property Overview

This investment opportunity includes a historic five-storey industrial building with generous open-plan floor layouts, high ceilings and a structural configuration that allows for flexible redevelopment possibilities.

Located within a designated Mixed-Use Centre Development Area (JC2), the property benefits from zoning that supports residential, commercial, office and service-related developments.

The surrounding area offers excellent accessibility, established public infrastructure and convenient connections to Riga’s city centre, making the property suitable for both phased development and large-scale urban regeneration.

Investment Highlights

• Historic industrial building with architectural character
• Approximately 16,970 m² development site
• Existing building with more than 5,000 m² of floor area
• Flexible mixed-use zoning (JC2)
• Suitable for residential, commercial or office development
• Existing infrastructure with approximately 2,200 kW power capacity
• Excellent public transport connections
• Established urban location with surrounding amenities
• Suitable for phased redevelopment
• Significant long-term value creation potential

Development Potential

Brīvības gatve 193 offers investors and developers the flexibility to create a modern mixed-use destination while preserving the character of one of Riga’s historic industrial buildings.

The existing building structure, generous floor layouts and high ceilings provide favourable conditions for adaptive reuse, while the size of the land allows for future expansion and comprehensive site planning.

Potential development concepts may include:

• Residential apartments
• Loft-style living
• Mixed-use developments
• Office space
• Retail and commercial premises
• Hospitality concepts
• Service-oriented developments

The property’s flexible planning framework allows investors to explore multiple development strategies depending on market demand and project objectives.

Location

Situated along Brīvības gatve, one of Riga’s principal urban arteries, the property enjoys excellent accessibility and strong infrastructure.

The surrounding neighbourhood offers public transport, shopping facilities, educational institutions, banks and a wide range of everyday services within easy reach.

Riga’s continued urban development, competitive real estate market and strategic position within the European Union continue to attract both international investors and companies seeking long-term growth opportunities.

Why Invest in Riga?

Latvia’s capital continues to strengthen its position as one of the Baltic region’s most dynamic investment destinations.

Compared with many Western European markets, Riga offers attractive acquisition prices, growing demand for modern residential and commercial developments, transparent ownership regulations and a stable European business environment.

Combined with ongoing urban regeneration and increasing international interest, the city presents compelling opportunities for developers and long-term investors alike.

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Interested in this development opportunity?

MARIVA CONCEPT provides selected investment opportunities across the Baltic region and supports international investors throughout the acquisition process.

For pricing details, planning documentation or to arrange a private presentation, please contact us.