Tozer Rd & Dodge St Beverly, MA 01915
- Commercial real estate
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Tozer Rd & Dodge St
- Lot size
- 0.25 lot acres
- Property type
- Commercial real estate
Description
This exceptional mixed-use investment property in Beverly, MA, presents a compelling opportunity. Located at the corner of Tozer Road and Dodge Street (Route 1A), this offering comprises two parcels totaling 25,560+/- square feet. The main building, 109 Dodge Street, is a historic wood-frame structure (circa 1688) encompassing approximately 11,020+/- square feet. Currently, it houses a dental practice on the ground floor, secured under a lease extending to October 2025, with a single 5-year renewal option. Monthly income from this tenant exceeds $8,000, generating over $96,000 annually. Above the commercial space is a 2-bedroom residential apartment currently rented on a month-to-month basis. The second parcel, 5 Tozer Road (13,540+/- square feet), is residentially zoned and currently used as a parking lot. Its potential for development adds significant value to the overall investment. The property enjoys a prime location, offering easy access to Route 128 (approximately two minutes away). This presents a rare chance to acquire a high-income generating asset with substantial upside potential through either lease renegotiation, additional development, or both. Detailed zoning information is available upon request. Priced at $1,100,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8864
- Latitude
- 42.5804
