109 Dodge St, Beverly, MA 01915-1053

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.