71-75 Common St, Lawrence, MA 01840
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71-75 Common St, Lawrence, MA 01840
71-75 Common St, Lawrence, MA 01840
71-75 Common St, Lawrence, MA 01840
71-75 Common St, Lawrence, MA 01840
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Lisa Sevajian

Lisa Sevajian

+1(978) 457-3406
$ 2,900,000
Est. payment /mo
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Price Dropped by $75K

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

MLSPIN
Listed by Home Shop Properties, Inc.

NEARBY SCHOOL & BUSINESS

Lisa Sevajian

Lisa Sevajian

Agent License ID: 95000355

+1(978) 457-3406

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71-75 Common St

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