SQUARE FEET6,346
MLS#73531957
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
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.
Property Features
Property Type: Commercial - Business
Lot Size: 0.08 Acres
Roof Type: Rubber
Taxes: $9,449
Year Built: 1900
Feature Descriptions
Building Area Total: 6346
Business Type: Commercial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 50
Parcel Number: M:068 B:634 L:006,2003522
Rental Term: Monthly
Utilities: Public Water, Public Sewer, Natural Gas Available, See Remarks
Listed By / Shown By
Listed By
Agency Name: Lillian Montalto Signature Properties
Agent Name: Team Lillian Montalto
Agency Phone: 978-475-1400
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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47-53 Central Ave | MLS# 73531957
This commercial property located at 47-53 Central Ave, Lynn, MA 01901 is currently listed for sale with an asking price of $1,550,000. Search Lynn real estate on www.masiellogrouprealestate.com today.