- /
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Julia Dillon Offboarding- DO NOT REACTIVATE
julia.dillon262291+inactive@exprealty.com +1(508) 566-4461$ 2,975,000
Est. payment /mo
Active
71-75 Common St Lawrence, MA 01840
0.56 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73528771
HOA Y/N false
Annual Tax Amount $25,244
Tax Year 2026
Lot Size 0.560 Acres
Acres 0.56
Property Sub-Type Residential
Property 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.
Location
State MA
County Essex
Zoning B3
Direction Broadway (Route 28) to Common St (Downtown Lawrence)
Exterior
Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
View Y/N Yes
View City
Building
Lot Description Level, Corner Lot
Sewer Public Sewer
Water Private
Others
Senior Community false
Listed by Home Shop Properties, Inc.