$1,600,000
Active47-53 Central Ave
Lynn, MA, 01901
Commercial · MLS #73531957
Days on market
4 days
Lot size
0.08 ac
0.08 acres
Lot
About this home
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
47-53 Central Ave, Lynn, MA, 01901
Property details
- Parking
- Common
Listed by Team Lillian Montalto · Lillian Montalto Signature Properties
Schedule a showing
47-53 Central Ave
Estimated payment
$10,357 / month
Loan term
- Principal & interest
- $8,090
- Property tax
- $1,600
- Home insurance
- $667
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).
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