71-75 Common St Lawrence, MA 01840
Downtown Lawrence NeighborhoodEstimated payment $18,754/month
Highlights
- 0.56 Acre Lot
- No HOA
- 2-minute walk to Campagnone Common
- Property is near public transit
- Shops
About This Lot
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 Details
Property Type
- Land
Est. Annual Taxes
- $25,244
Lot Details
- 0.56 Acre Lot
- Property is zoned N/A
Location
- Property is near public transit
Utilities
- Electricity To Lot Line
- Underground Storage Tank
Community Details
- No Home Owners Association
- Shops
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2026 03/18/26 | For Sale | $3,200,000 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73488625
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Ask me questions while you tour the home.