Four-Unit Retail Strip with
1459-1469 River Street Boston Hyde Park, MA 02136
1459-1469 River Street Boston, Hyde Park, MA, 02136
$1,495,000
For Sale
$1,495,000
Four-unit retail strip plus an additional vacant parking lot parcel offers flexible options for owner-users and investors.
Property Size3,757 SF
Lot Size0.21 Acres
Price / SF$397.92
Days on Market282
Property Features for 1459-1469 River Street Boston
General Information
- Standard status
- Active
- Size
- 3,757 SF
- Lot size
- 0.21 Acres
Building Details
- Year Built
- 1930
Listing agency
(508) 643-8166
Listed by
Sharon Lucido
(508) 643-8166
Source
Bournetosellrealestate
Added: Oct 14, 2025 Updated: Jul 6 at 2:39PM Checked: Jul 21 at 3:06AM
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 Sharon Lucido
Investment Insights
Based on property information with market context.
This offering presents a four-unit commercial retail strip designed for storefront leasing, accompanied by parking as a separate, directly-held parcel. The property includes the retail building at 1459–1469 River Street, set on a 4,128 SF parcel, along with a 5,096 SF vacant lot across the street that is currently used as a parking lot. The combined configuration supports a practical retail-and-parking setup for tenants and operators.
The site is described as a high-visibility corner location in Hyde Park, with vehicle-oriented visibility and an additional parking presence immediately across the street. Both parcels are located in the Local Convenience (LC) zoning district. Buyer and buyer’s agent are advised to verify all prospective use scenarios, as the listing notes flexibility for commercial, mixed-use, or residential conversion possibilities.
Historically, the location has served community retail, including a prior use as Hyde Park Pharmacy and later Richy’s General Store. The current structure and dual-parcel arrangement are well-suited for an owner-operator seeking control over both retail frontage and nearby parking, or for an investor looking to own a small retail strip with a dedicated parking component.
The site is described as a high-visibility corner location in Hyde Park, with vehicle-oriented visibility and an additional parking presence immediately across the street. Both parcels are located in the Local Convenience (LC) zoning district. Buyer and buyer’s agent are advised to verify all prospective use scenarios, as the listing notes flexibility for commercial, mixed-use, or residential conversion possibilities.
Historically, the location has served community retail, including a prior use as Hyde Park Pharmacy and later Richy’s General Store. The current structure and dual-parcel arrangement are well-suited for an owner-operator seeking control over both retail frontage and nearby parking, or for an investor looking to own a small retail strip with a dedicated parking component.
Key Highlights
- Four‑unit commercial retail strip on a corner lot with parking lot included in the property description.
- Building sits on a 4,128 SF parcel and is paired with a 5,096 SF vacant lot directly across the street.
- Vacant lot address: 1454 River Street; currently used as a parking lot (per description).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.7k | $25.20 |
| − Vacancy | −$8.0k | −$2.14 |
| EGI | $86.6k | $23.06 |
| − OpEx | −$26.0k | −$6.92 |
| NOI | $60.6k | $16.14 |
3,757 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$866.3K
$758.0K – $1.01M
NOI $60,640 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$564.9K
$494.3K – $659.0K
NOI $39,540 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,927 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Four-unit retail strip plus an additional vacant parking lot parcel offers flexible options for owner-users and investors.
Where is this strip mall located?
The property is located at 1459-1469 River Street Boston Hyde Park, MA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Four‑unit commercial retail strip on a corner lot with parking lot included in the property description.; Building sits on a 4,128 SF parcel and is paired with a 5,096 SF vacant lot directly across the street.; Vacant lot address: 1454 River Street; currently used as a parking lot (per description).
