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.

Features

Sewer:: Public Sewer
Water:: Private
Disclosure
Electric Feature:: On-site
Gas:: On-site

Additional Information

Market Time:: 4
Tax Year:: 2026
Status:: Active
Zoning:: B3
Orig Price:: $2,975,000
Waterfront:: No
MlsStatus:: Active

Address Map

City:: Lawrence
State:: MA
County:: Essex
Postal Code:: 01840
Longitude:: W72° 50' 40.2''
Latitude:: N42° 42' 31''

Google Map

Land

71-75 Common St, Lawrence, Massachusetts

0.56 Acre

$2,975,000

Listing ID #73528771

Basic Details

Property Type :: Land
Listing Type :: For Sale
Price :: $2,975,000
View :: City
Lot Area :: 0.56 Acre
Listing ID :: 73528771

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Agent info

Robb Enterprises

Stephen E. Robb
View website
617-212-0251
srobb@robbenterprises.com

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.