109 Dodge St
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109 Dodge St
5,595 SF Office Building Beverly, MA 01915 $1,100,000 ($197/SF)
Executive Summary
JUST RE-LISTED 7/23/24 - The Mega Group has available for immediate acquisition this mixed-use property with an additional abutting potentially developable lot. The Subject Property is one commercial and residential mixed-use wood frame building situated on 11,020 +/- square feet of land having a frame exterior being built around 1688. 109 Dodge Street is accessible by Route 128 via Route 1A in about a two-minute drive time. A second parcel known as 5 Tozer Road is one residentially zoned parcel of land currently taxed and assessed as a parking lot having a land area of 13,540 square feet.
109 Dodge Street is currently a dental practice on the first floor under lease until October of 2025 with one (1) 5-year option to renew and a 2-bedroom residential apartment above on a tenant-at-will basis.
Both parcels are zoned R-10. The R-10 One-Family District is established to principally provide for single-family detached residences at urban density on small-sized lots (approximately 1/4 acre minimum). Related recreational, agricultural, and educational facilities are allowed under special conditions. In September 2019 a developer was able to obtain permits through the City of Beverly to convert a single commercial wood framed building into multiple residential buildings at 107 Dodge Street, which directly abuts the Subject Property on the other side.
109 Dodge Street is located in North Beverly Massachusetts, on the corner of Tozer Road and Dodge Street (Route 1A). 5 Tozer Road is the abutting parcel.
New pricing at $1,100,000
109 Dodge Street is currently a dental practice on the first floor under lease until October of 2025 with one (1) 5-year option to renew and a 2-bedroom residential apartment above on a tenant-at-will basis.
Both parcels are zoned R-10. The R-10 One-Family District is established to principally provide for single-family detached residences at urban density on small-sized lots (approximately 1/4 acre minimum). Related recreational, agricultural, and educational facilities are allowed under special conditions. In September 2019 a developer was able to obtain permits through the City of Beverly to convert a single commercial wood framed building into multiple residential buildings at 107 Dodge Street, which directly abuts the Subject Property on the other side.
109 Dodge Street is located in North Beverly Massachusetts, on the corner of Tozer Road and Dodge Street (Route 1A). 5 Tozer Road is the abutting parcel.
New pricing at $1,100,000
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,595 SF
Building Class
C
Year Built
1789
Price
$1,100,000
Price Per SF
$197
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,798 SF
Building FAR
0.51
Lot Size
0.25 AC
Zoning
R10 - Residential Zoning
Parking
12 Spaces (2.14 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | BEVE M:0067 B:0093 L: | Improvements Assessment | $341,900 |
| Land Assessment | $312,500 | Total Assessment | $654,400 |
PROPERTY TAXES
Parcel Number
BEVE M:0067 B:0093 L:
Land Assessment
$312,500
Improvements Assessment
$341,900
Total Assessment
$654,400
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109 Dodge St
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