71-75 Common St
$2,975,000
0.56
Acres
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$2,975,000
0.56
Acres
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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.
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Highlights
- Has View: Yes
- Property Type: Residential
- Property Class: Land
- Status: Active
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Additional Details
- Lot Features: Level, Corner Lot
- View: City
- Road Frontage Type: Public
- Zoning: B3
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
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Utilities
- Electric: On-Site
- Water Source: Private
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,371,000
- Taxes: $25,244
- Tax Year: 2026
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