109 Dodge St - Office FOR SALE


Beverly, MA 01915
$1,100,000 USD
978-762-9771
109 Dodge St, Beverly, MA for Sale
$1,100,000 USD
Office - FOR SALE
1/51
null | Request Cap Rate

109 Dodge St
Beverly, MA 01915


OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1789

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R10

APN/PARCEL ID

BEVE M:0067 B:0093 L:

ASK ABOUT THIS PROPERTY

Brian DApiceThe Mega GroupMore Info
978-762-9771

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Brian DApiceThe Mega GroupMore Info
978-762-9771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.