Rīga, Centrs, Kārļa Mīlenbaha iela

Rīga, Centrs, Kārļa Mīlenbaha iela
Rīga, Centrs, Kārļa Mīlenbaha iela

Residential building suitable for the development of small apart

Price

695 000 €

Area

1 638 m2

Land plot

400 m2

Floor

5

Amenities

  • Electricity
  • Water

Description

The property is offered as an attractive investment opportunity for a residential development project, with the potential to create approximately 35 apartments.

The property is located in a courtyard building.

The total building area is 1,631 m², of which approximately 1,200 m² is usable space, allowing for flexible design of efficient apartment layouts that meet current market demand.

Functional zoning: the 3rd, 4th, 5th, and 6th floors have been converted to residential use, while the 1st and 2nd floors retain an administrative function.

Engineering utilities — water, electricity, and gas — are provided through the property manager, who has the relevant supply agreements in place.

In addition, the P1A building has its own separate centralized heating system with a gas boiler, ensuring independent and efficient heat supply.

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