About 71-75 Common St
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.
Features of 71-75 Common St
| MLS® # | 73528771 |
|---|---|
| Price | $2,975,000 |
| Acres | 0.56 |
| Type | Land |
| Sub-Type | Residential |
| Status | Active |
Community Information
| Address | 71-75 Common St |
|---|---|
| City | Lawrence |
| County | Essex |
| State | MA |
| Zip Code | 01840 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Level, Corner Lot |
|---|
Additional Information
| Zoning | B3 |
|---|
Listing Details
| Agent | Johan Lopez |
|---|---|
| Office | Home Shop Properties, Inc. |