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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.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number M:068 B:634 L:006,2003522

Tax Information

  • Tax Year 2025
  • Taxes$9,449

Basic Information

  • List Price$1,600,000
  • MLS Number73531957
  • Modification Date06/08/2026

Location

  • Address47-53 Central Avenue
  • Building Number47-53
  • CountyEssex
  • StateMA
  • StreetCentral Avenue
  • TownLynn
  • Zip01901

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available, See Remarks
  • Year Built1900

Property

  • Acreage0.08

Exterior

  • RoofRubber

Property Information

  • Living Area 6,346
  • Lot Size Square Feet 3,572
  • Lot Size Units Acres
  • Square Feet6,346

Legal

  • ZoningCBD
  • Zoning Description Other (See Remarks)

Other

  • Date Listed06/08/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Team Lillian Montalto of Lillian Montalto Signature Properties

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