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$1,600,000
New Listing

47-53 Central Ave
Lynn, MA 01901

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
6,346
SqFt
$252
/SqFt
1900
Built
County:
Essex

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47-53 Central Ave47-53 Central Ave47-53 Central Ave47-53 Central Ave
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Prime commercial opportunity in the heart of Lynn! Located at the highly visible corner of Central Ave and Chestnut St, 47-53 Central Ave benefits from exceptional traffic counts, strong pedestrian activity, and a dense surrounding population. This well-known property has been home to the iconic Cal's News for over 60 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.

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Listing Snapshot
Price 
$1,600,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,346 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.08 Acres
Year Built 
1900
MLS® Number 
73531957
Status 
Active
Property Tax 
$9,449
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
6 hours agoListing first seen on site
General Features
Acres 
0.08
Disclosures 
Do Not Show Up Unannounced! Owner occupied Cal's News. Cal's News business/ inventory and the latin restaurant lease is included in the sale of the building. Business assets and inventory will be sold thru a bill of sale for a $1. Subject to new owners approval of Lotto and tobacco license transfer.
Sewer 
Public Sewer
SqFt Total 
6346
Utilities 
Natural Gas AvailableSee Remarks
Water Source 
Public
Zoning 
CBD
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Exterior Features
Roof 
Rubber
Listing courtesy of Team Lillian Montalto of Lillian Montalto Signature Properties



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Last checked 2026-06-09 02:28 AM UTC

Neighborhood & Commute
Source: Walkscore
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