We present for sale building complex at Ūnijas 45, Rīga, located in the rapidly developing Teika district. This property offers vast redevelopment and usage possibilities.
Property Description:
- The complex consists of two buildings:
- A 4-story building covering 2989.9 m²
- A 1-story building covering 506.6 m² with basement and technical rooms.
- Land area: 9148 m² – green, fenced territory.
- Parking: Space for 50 vehicles.
- Year built: 1959 (originally used as a hospital for the VEF factory).
Potential uses:
- Use as a medical facility with minimal investments.
- Redevelop the large building into a multi-apartment house for sale or rental, and convert the smaller building into a kindergarten.
- Execute reconstruction of the large building and develop additional residential volumes on the existing plot.
- Lease out the existing buildings as offices without the need for reconstruction.
Land development potential:
- According to Riga’s city development plan, the DzD1 zone allows residential buildings with a total above-ground area of up to 14,600 m².
- Maximum building intensity: 160%.
- Allowed height: up to 6 floors.
- Office and commercial functions are also permitted.
Additional Advantages:
- Prime location: 10–12 minutes from Riga city center, within walking distance of kindergartens, schools, public transport, Domina and Teika Plaza Shopping Centers.
- The well-developed infrastructure of the Teika district ensures high attractiveness for both residents and commercial users.
Contact us to learn more about the project and schedule a viewing!
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