LOT SIZE 0.560 acres
MLS#73528771
STATUSActive
PROPERTY TYPELand - 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.
Property Features
Property Type: Land - Residential
Lot Size: 0.56 Acres
Taxes: $25,244
Feature Descriptions
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Private School, Public School, T-Station, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Electric: On-Site
Electric On Property: Yes
Lot Features: Level, Corner Lot
Rental Term: Monthly
Sewer: Public Sewer
Special View Info: City
Water: Private
Listed By / Shown By
Listed By
Agency Name: Home Shop Properties, Inc.
Agent Name: Johan Lopez
Agency Phone: 978-655-3016
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR PROPERTY
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Estimate Your Payment
Estimated Payment
$ 9,592.44 per month $6,621.06 Principal & Interest $2,103.67 Property Tax $867.71 Homeowner's Insurance
71-75 Common St | MLS# 73528771
This land located at 71-75 Common St, Lawrence, MA 01840 is currently listed for sale with an asking price of $2,975,000. The property has approximately 0.56 Acres. Search Lawrence real estate on www.masiellogrouprealestate.com today.