47-53 Central Ave, Lynn, MA 01901
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$1,600,000
Type: Commercial
Other (See Remarks)
6346 Bldg. SQFT
N/A Restrooms
Parking: N/A

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 Details tap to expand

Property Information

  • Type: Commercial
  • Location: Other (See Remarks)
  • MLS ID#: 73531957

Building Information

  • Total SQFT: 6346

Construction & Utilities

  • Utilities: Natural Gas, Other (See Remarks), Public Sewer, Public Water

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/12/2026Active$1,600,000$252MLSPIN
06/08/2026New$1,600,000$252MLSPIN
10/15/2025Expired$2,200,000$347MLSPIN
08/22/2025Active$2,200,000$347MLSPIN
08/18/2025Price Change$2,200,000$347MLSPIN
07/21/2025Active$2,250,000$355MLSPIN
07/17/2025New$2,250,000$355MLSPIN

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Seller's Representative: Team Lillian Montalto, Lillian Montalto Signature Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-06-12 03:05:00