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.
- Disclosure
- Tax Year:
- 2025
- Status:
- Active
- Zoning:
- CBD
- Orig Price:
- $1,600,000
- LEASE_TYPE:
- Other (see Remarks), Net
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01901
- Longitude:
- W71° 3' 12.2''
- Latitude:
- N42° 27' 51.7''
Commercial Sale
47-53 Central Ave, Lynn, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,600,000
- Square Footage :
- 6,346 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.08 Acre
- Listing ID :
- 73531957
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com