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    109 Dodge St Beverly, MA 01915

    Sponsored
    For Sale
    $1,100,000

    Prime Beverly location, high occupancy, value-add potential.

    Property size:
    5,595 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This mixed-use property in Beverly, Massachusetts, presents a compelling investment opportunity. The offering includes two parcels totaling 24,560 square feet. The main parcel, 109 Dodge Street, features a 5,595 square foot, two-unit building constructed around 1688. Currently, the ground floor houses a dental practice under lease until October 2025, with a five-year renewal option. Above is a two-bedroom residential apartment on a month-to-month tenancy. The second parcel, 5 Tozer Road (13,540 sq ft), is zoned residentially and currently used as a parking lot. Both parcels are zoned R-10, allowing for single-family residences at urban density. The property's location at the corner of Tozer Road and Dodge Street (Route 1A) provides convenient access to Route 128 via Route 1A (approximately a two-minute drive). Recent development approvals in the immediate vicinity suggest potential for redevelopment or expansion. The asking price is $1,100,000, translating to $196.60 per square foot. This represents a 100% occupied, value-add investment with significant upside potential.

    Property Features for 109 Dodge St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,595 SF

    Building Details

    Year Built
    1688
    Units
    2

    HighLights

    • $1,100,000 asking price for a mixed‑use property in Beverly, MA.
    • 5,595 square feet, with a price per square foot of $196.60.
    • 100% occupancy with two units: a commercial space and a residential apartment.
    • Built in 1688, situated on a 24,560 square foot lot, zoned R‑10.
    • Includes a main building at 109 Dodge St and an abutting 13,540 sq ft parcel at 5 Tozer Rd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.886566421495
    Latitude
    42.580264763298

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Beverly location, high occupancy, value-add potential.
    Where is this mixed-use property located?
    The property is located at 109 Dodge St Beverly, MA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for a mixed-use property in Beverly, MA.; 5,595 square feet, with a price per square foot of $196.60.; 100% occupancy with two units: a commercial space and a residential apartment.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Dodge St Beverly, MA 01915
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