aisellshomes.space

$1,600,000

Active

47-53 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

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$10,425 / month

Down payment20% · $320,000
Interest rate6.58%

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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