Hyde Park Retail Strip with
For Sale
$1,275,000
1459-1469 River Street, Boston, MA 02136
Four-unit retail strip with parking lot in Hyde Park.
Property Size3,757 SF
Lot Size0.09 Acres
Price / SF$339.37
Days on Market381
Property Features for 1459-1469 River Street
General Information
Standard status
Active
Size
3,757 SF
Lot size
0.09 Acres
Property subtype
Commercial
Zoning
LC
Site & Location
Neighborhood
Beacon Hill
Taxes and HOA fees
Annual Taxes
$16,285
Building Details
Building Size
3,757 SF
Year Built
1930
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Maher Realty Group
(781) 544-6999
Source:
Churchillprop
Added: Oct 14, 2025
Changed: Oct 26
Last Checked: Oct 28 at 5:27AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This commercial investment opportunity features a four-unit retail strip located on a high-visibility corner in Hyde Park. The property is situated on a 4,128 square foot parcel and includes a 5,096 square foot vacant lot directly across the street, currently used as a parking lot. The parcels are located in the Local Convenience (LC) zoning district, offering flexible use potential, including commercial, mixed-use, or residential conversion. Buyers are advised to verify zoning details. The property was formerly home to the Hyde Park Pharmacy and Richy's General Store. This dual-parcel opportunity is located in a high-traffic neighborhood and is suitable for investors, owner-users, or developers.
Key Highlights
- Prime Hyde Park location on a high‑visibility corner with strong vehicle traffic.
- Includes a 5,096 SF vacant lot across the street, currently used as a parking lot.
- Flexible use potential with Local Convenience (LC) zoning, allowing for commercial, mixed‑use, or residential conversion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,640
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,800
$1.2M
Cap Rate 7%
$866,286
$866.3K
Cap Rate 9%
$673,778
$673.8K
Market Conditions
NOI Build-Up for 3,757 SF
Gross rent
$94.7K $25.20/SF
− Vacancy
−$8.0K −$2.14/SF
EGI
$86.6K $23.06/SF
− OpEx
−$26.0K −$6.92/SF
NOI
$60.6K $16.14/SF
Area
Boston, MA
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,212,800
Cap Rate 7%
$866,286
Cap Rate 9%
$673,778
Alternative Uses
Best Use
Retail
$866.3K
$758.0K – $1.01M
NOI $60,640 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,927 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18,516
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boston, MA
Frequently Asked Questions
What type of property is this?
Strip mall - Four-unit retail strip with parking lot in Hyde Park.
Where is this strip mall located?
The property is located at 1459-1469 River Street Boston, MA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Prime Hyde Park location on a high‑visibility corner with strong vehicle traffic.; Includes a 5,096 SF vacant lot across the street, currently used as a parking lot.; Flexible use potential with Local Convenience (LC) zoning, allowing for commercial, mixed‑use, or residential conversion.
