16
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$1,600,000
Est. payment /mo
6,346 SqFt
Active
47-53 Central Ave Lynn, MA 01901
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,346 sqft
Price per Sqft $252
MLS Listing ID 73531957
HOA Y/N false
Year Built 1900
Annual Tax Amount $9,449
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Prime commercial opportunity in the heart of Lynn! Located at the highly visible corner of Central & Washington, 47-53 Central Ave benefits from exceptional traffic counts, strong pedestrian activity, a walk score of 90 and a dense surrounding population. This well-known property has been home to the iconic Cal's News for nearly 90 years, establishing a long-standing reputation and loyal customer base within the community. The building consists of two retail units: the left-side unit is owner-occupied by Cal's News, a tobacco, magazine, and lottery c-store, while the right-side unit is leased to a successful Latin Restaurant & Bar, providing stable rental income. Ideal for an owner-occupant seeking to operate their own business, expand an existing concept, or capitalize on the established location and customer traffic. Additional income is generated from a double-sided rooftop billboard. Latin restaurant is currently in a lease; contact the listing agent for additional information.
Location
State MA
County Essex
Zoning CBD
Direction GPS 47 Central Ave. Washington St, to Central Ave. Downtown Lynn
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available, See Remarks
Roof Type Rubber
Others
Senior Community false
Listed by Lillian Montalto Signature Properties
NEARBY SCHOOL & BUSINESS
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