$1,600,000
Active47-53 Central Ave
Lynn, MA, 01901
Commercial · MLS #73531957
Days on market
49 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
$10,425 / month
Loan term
- Principal & interest
- $8,158
- 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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