MIXED-USE BUILDING w RE-DEVELOPMENT UPSIDE
109 Dodge Street & 5 Tozer Road, Beverly MA
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.
Brochure Zoning Bylaws
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