Shopping center at Brīvības alley 409, Riga for sale!
- Main retail building: 4,602 m² (consists of ground floor and basement);
- Other retail buildings, market kiosks, and auxiliary buildings: 314 m²;
- Land plot 1 area: 5,984 m²;
- Land plot 2 area: 2,040 m² (leased from the State);
- Leased retail space in the main building: 1,722 m²;
- Year of construction: 1970;
- Delivery ramps and service area: located at the back of the building;
- Heating: Rīgas Siltums (district heating);
- Parking: Paid parking by the building and free street parking available;
- Traffic: Significant car flow and excellent public transport accessibility;
- Anchor tenants: Mego, Multilukss, Humana, Fēnikss, NokNok Café, clothing store;
- Capitalization rate at current occupancy: 7.6%;
Potential improvements:
- Organize and improve the parking lot by the building;
- Carry out visual and technical reconstruction of the building;
- Construct additional floor space on the 2nd floor;
- Renovate or rebuild Jugla Market;
- Lease out vacant premises after necessary improvements;
- Find a use for the large basement, e.g., create box storage or stock office spaces.
