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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

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