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71-75 Common StLawrence, MA 01840

Essex County

$2,975,000List price
0.56Acre lot
3 months agoOn market

Description

Fully Approved 60-Unit Residential Site with $2.5M HDIP Tax Credit. Maximize your portfolio returns with the ICONO Tower Development, a premier, fully permitted multifamily opportunity in downtown Lawrence, MA. Located at 71–75 Common Street and 37 Newbury Street, this shovel-ready project is approved for 60 market-rate apartments sitting over a 55-car structured garage. Investors gain an immediate financial edge with an awarded $2.5 million Housing Development Incentive Program (HDIP) tax credit spanning 2025–2027. Capitalize on the Merrimack Valley's rapid growth with a project backed by strong local demand and local government incentives.

Property Information

Property type
Land
Lot size
0.56 acres
Zoning
B3
Days on market
119
MLS® Listing#
73528771

Property Features

Lot features
Level · Corner Lot
Community
Park · Other
Utilities
Natural Gas Available
Sewer
Public Sewer
Water source
Private

Financial Details

HOA
None
Annual taxes
$25,244Tax year 2026
Assessed value
$1,371,000

Directions

Broadway (Route 28) to Common St (Downtown Lawrence)

Listing Courtesy: Home Shop Properties, Inc. - 9786553016

Presented by: Johan Lopez

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein. Copyright ©2026 MLS Property Information Network, Inc. All Rights Reserved.

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