About Hyde Park Development Opportunity
Development opportunity offered for sale located in the heart of Hyde Park's walkable Cleary Square a short distance from two MBTA commuter rail lines. As of right, a four-story building with 54 residential units, a 1,300-square-foot commercial unit and 65 parking spaces could be constructed on the site, which is bounded by River Street, Central Avenue and Winthrop Street and totals 27,427 square feet (0.63 acres) of developable land. Three existing commercial buildings, including a 6,080-square-foot retail building containing three occupied storefronts with surface parking, a 2,272-square-foot restaurant and a 1,801-square-foot auto body with surface parking, currently stand on the site.
1185-1203 River Street is located a 20-minute drive or train ride to Downtown Boston, and a 10-minute drive to Interstates 93 and 95. The site presents an unprecedented opportunity to enter the Cleary Square real estate market, which is seeing significant investment; two large residential development projects, 735 Truman Parkway and The Residences at Fairmount Station, are currently underway in Cleary Square. A short distance from Cleary Square, The Noannet Group is proposing 521 apartments and a 5,980-square-foot, 150-seat restaurant at 40 Sprague Street, and Ad Meliora has plans to construct 240 apartments at 1717 Hyde Park Avenue.
Please click Contact Broker above, email firstname.lastname@example.org or call 617-329-9042 to inquire about acquiring 1185-1203 River Street. Below is more information about 1185-1203 River Street, including as-of-right development plans: