Check Availability
$2,975,000
● Land - For Sale

71-75 Common St

Lawrence, MA 01840
bedrooms
Studio
bathrooms
0 Bath
$16,712
Est. Monthly

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.56 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,104
HOA Dues
-
Year Built
-

Listed By

Johan Lopez
Home Shop Properties, Inc.

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Last updated: 4 months ago (MLSPIN #73528771)

Price History

Date / Event Date Event Price
Jun 3, 2026 Listed by Home Shop Properties, Inc. $2,975,000
Listed by Home Shop Properties, Inc.

Property Highlights

With View
Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Corner Lot
Lot Size Area: 0.56
Lot Size Units: Acres
Lot Size Acres: 0.56
Lot Size Square Feet: 24393
Water Source: Private
Financial Details
Tax Assessed Value: $1,371,000
Tax Annual Amount: $25,244
Utilities Details
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Common


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Frequently Asked Questions

When was property at 71 Common Street built and last sold?
The property at 71 Common Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 71 Common Street is $3,004,750.
What are some comparable homes to 71 Common Street?
There are currently no comparable homes to 71 Common Street.