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3-Story Mixed-Use Redevelopment
For Sale
$850,000

645 River Street, Boston, MA 02136

Planned 3-story mixed-use building with first-floor self-service laundry space and four residential units above.

Property SizeContact for details
Days on Market651

Property Features for 645 River Street

General Information

Standard status Active
Property subtype Land
Listing Agency: Martins & Associates R.E. Inc.
Listed By: Jeanie E. Martins
Source: Hammondre
Added: Nov 24, 2024 Changed: Sep 5 Last Checked: Sep 5 at 9:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Martins & Associates R.E. Inc.

Investment Insights

Based on property information with market context.

645 River Street, Boston, MA 02136 presents a redevelopment opportunity in Hyde Park, with plans to replace the existing grocery store with a new 3-story, mixed-use building.

The proposed first floor includes approximately 2,000 square feet of commercial space for a self-service laundry. Two residential floors above would provide a total of four units, with two units per floor.

The offering is positioned to combine rental income from the residential component with commercial income from the ground-floor amenity, supported by the stated emphasis on visibility and convenient access to public transit in the provided materials.

Key Highlights

  • Plans to replace the existing grocery store with a new 3‑story, mixed‑use building at 645 River St, Boston, MA 02136.
  • First floor planned for approximately 2,000 SF of commercial space for a self‑service laundry.
  • Two residential floors planned with a total of four units (two units per floor).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Butcher HVAC Service (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18,516
Businesses Nearby
63k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 63% Home Improvements & Furnishings 24% Apparel 11% Beauty & Spa 2%
McDonald's Dining
31,271 visits/mo 0.5 miles
RH (Restoration Hardware) Home Improvements & Furnishings
13,933 visits/mo 0.5 miles
Domino's Pizza Dining
4,907 visits/mo 0.5 miles
Cartier Apparel
4,827 visits/mo 0.4 miles
Blank Street Coffee Dining
2,793 visits/mo 0.1 miles

Demographics for 02136, MA

35,102
Population
14,031
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
88%
High-School Grad
4.6 sq mi
ZIP Area
7,631
Density / Sq Mi
$96,862
Median Household Income
$50,793
Median Earnings
$1,772
Median Rent
$566,300
Median Home Value

Market

Vacancy Rate% for Retail in Boston, MA

3.9% 2019
4.6% 2020
4.2% 2021
4% 2022
3.5% 2023
3.2% 2024
3.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Planned 3-story mixed-use building with first-floor self-service laundry space and four residential units above.
Where is this mixed-use property located?
The property is located at 645 River Street Boston, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Plans to replace the existing grocery store with a new 3‑story, mixed‑use building at 645 River St, Boston, MA 02136.; First floor planned for approximately 2,000 SF of commercial space for a self‑service laundry.; Two residential floors planned with a total of four units (two units per floor).
More about this property
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