About 47-53 Central Ave
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.
Features of 47-53 Central Ave
| MLS® # | 73531957 |
|---|---|
| Price | $1,550,000 |
| Square Footage | 6,346 |
| Acres | 0.08 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 47-53 Central Ave |
|---|---|
| City | Lynn |
| County | Essex |
| State | MA |
| Zip Code | 01901-1121 |
Amenities
| Utilities | Public Water, Public Sewer, Natural Gas Available, See Remarks |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Roof | Rubber |
|---|
Additional Information
| Zoning | CBD |
|---|
Listing Details
| Agent | Team Lillian Montalto |
|---|---|
| Office | Lillian Montalto Signature Properties |