MA
Essex
Lawrence
01840
71-75 Common Street
71-75 Common Street, Lawrence, MA 01840
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Listing Type
Lots/Land
Listing Status
Active
0
$3,200,000

Home Details for 71-75 Common Street

Price
$3,200,000
Type
Land
Lot size acres
0.56
County
Essex
MLS Listing#
73488625
Property Description

Northmarq is pleased to present the ICONO Development, a fully approved residentialdevelopment opportunity located at 71–75 Common Street and 37 Newbury Street in the heart ofdowntown Lawrence, Massachusetts. The project is approved for the construction of 60 market-rateresidential units set above a 55-car structured garage, combining modern design with functionalityto meet the growing demand for high-quality urban housing in one of the Merrimack Valley’s mostrapidly transforming cities.To the future owner’s advantage, the ICONO Development has been awarded a $2.5 millionHousing Development Incentive Program (HDIP) tax credit for calendar years 2025, 2026, and2027, significantly enhancing project feasibility and investor returns. This valuable state incentiveunderscores the City of Lawrence’s commitment to supporting new residential development in itsurban core and adds meaningful value to the project’s overall financial profile.

Property Features
  • Utilities
    • Natural Gas Available
Listing Courtesy: James M. Murphy - 617-728-9522
Presented by: Michael Chase
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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