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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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71-75 Common St , Lawrence, MA 01840
$2,975,000
Est. Payment: $6,611.11/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 106
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AC0594 - G8000671
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Johan Lopez , 978-804-7425 Home Shop Properties, Inc. , 978-655-3016.

Property Type

Vacant Land
Lot/Acreage
0.56

County

Essex

Listing ID

73528771

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Private

Exterior Features

Lot:Level,Corner Lot
Zoning:B3
Sewer:Public Sewer
Principal Interest
$6,611
Taxes
$2,104

Home Price

$2,975,000

Loan Details

30 yrs
%

Down Payment

20%
$595,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,611.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,611.11 $2,103.67 $0.00 $8,714.78
Yearly $79,333.33 $25,244.00 $0.00 $104,577.33
Total $2,380,000.00 $757,320.00 $0.00 $3,137,320.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lawrence, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.