477-479 River St
Boston, MA, 02126 $ 4,500,000
Bedrooms-- Baths-- Sq 6,364 Monthly Estimate*
$ 28,413
for $4,500,000. This 6,364 square foot building was built in 1920 on a lot size of 0.1.
Rare investment and redevelopment opportunity in a highly visible, transit-oriented location. Situated directly across from the Mattapan commuter rail station, this property benefits from exceptional accessibility, strong pedestrian activity, and convenient connections to Downtown Boston and surrounding neighborhoods. The property includes an impressive package of operating licenses, including a Full 2:00 AM Liquor License, Entertainment License, Restaurant License, and Function Hall License, offering immediate value for operators, investors, and hospitality groups seeking a turnkey opportunity.From a development perspective, the property presents significant potential for builders and developers looking to capitalize on continued investment throughout the Boston market. Its transit-accessible location and commercial positioning make it an attractive candidate for redevelopment, repositioning, mixed-use concepts, or value-add improvements, subject to zoning, permitting, and municipal approvals. Boston's zoning framework encourages thoughtful land use and development that supports transportation access, economic activity, and neighborhood growth.Land Use & Development Highlights: 1.Prominent commercial corridor location. 2.Transit-oriented site directly across from the train station 3.Potential redevelopment and density upside, subject to buyer due diligence and City of Boston approvals. 4.Opportunity to create additional value through expansion, modernization, or alternative commercial uses 5.Strong long-term potential to contribute to local job creation, business growth, and neighborhood economic development. Nearby Amenities & Attractions-Mattapan commuter rail/transit station directly across the street. 1.Close proximity to Mattapan Square retail, restaurants, banks, and neighborhood services. 2.Convenient access to major Boston roadways and surrounding neighborhoods including Dorchester, Hyde Park, Milton, and Roslindale. 3.Near parks, recreational areas, and the Neponset River corridor. 4.Located within a densely populated residential market that supports retail, restaurant, entertainment, and event-based businesses.This is a unique opportunity to acquire a licensed commercial asset with immediate operational potential and compelling future redevelopment possibilities in one of Boston's evolving transit-served corridors. Buyers are encouraged to verify all zoning, land-use, and development opportunities
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List ByHamilton RodriguesListing Agent
Hartford Homes Realty Of BostonBroker
Affordability Calculator
- Monthly Principal & Interest
- $28,413
- Monthly Property Taxes
- $2,939
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Boston, MA
Average List Price $1,813,178
Percent of Sale Price 60%
About Boston, MA 685,111 Population
16% Since 2002
$ 65,384 Median Income
34.81 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
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Pricing History| Date | Price | Price Change | Description |
|---|
| 7/30/2026 | $4,500,000 | | Listed Price |