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71-75 Common St

Lawrence, MA 01840

$2,975,000 $12,542/Mo

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Overview

0.56

Acre(Lot)

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 Details

Property Type : Land

Price : $2,975,000

AD Id : 79855494

MLS Id : 73528771

Lot Size : 0.56 Acre(Lot)

County : Essex

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

WaterSource: Private

Lot Information

Lot Description: Level, Corner Lot Lot Size Area: 0.56 Lot Size Units: Acres Lot Square Feet: 24,393 Lot Acres: 0.56 Main Square Feet: 0.56

Property Information

Property Type: Land Sub Type: Residential

Listing Price Information

Original Listing Price: $2975000

Tax Information

Annual Tax: $25244

Location Information

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

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ByOwner last updated this listing 06/09/2026 @ 01:08

MLS: 73528771 LISTED BY: Johan Lopez, Home Shop Properties, Inc. 978-655-3016 SOURCE: MLS Property Information Network