47-53 Central Ave, Lynn MA 01901
Lynn, MA 01901
$1,550,000
Est. $8,038/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Prime commercial opportunity with business in the heart of Lynn! Located at the highly visible corner of Central Avenue and Washington Street, 47–53 Central Avenue benefits from strong traffic counts, significant pedestrian activity, a Walk Score of 90, and a dense surrounding population. The property has been home to the iconic and locally recognized Cal’s News for nearly 90 years. The current owner is ready to retire, creating an excellent opportunity for a new owner to continue and expand the established business. Potential growth opportunities may include adding grocery and market items, obtaining EBT authorization, becoming an authorized Amazon, UPS, or FedEx drop-off location, and pursuing a beer, wine, and/or liquor license, all subject to applicable approvals. The building consists of two retail units. The left-side unit is owner-occupied by Cal’s News, a long-standing magazine, tobacco, lottery, and convenience store. The right-side unit is leased to a successful Latin restaurant and bar, providing immediate rental income. Additional revenue is generated from a double-sided rooftop billboard. Ideal for an owner-occupant, investor, or entrepreneur seeking an established business, loyal customer base, strong visibility, and opportunities for future expansion. The Latin restaurant is currently under lease. Contact the listing agent for additional information.
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Property History
Property Timeline
Listed for Sale
Sep 18, 2026
$1,550,000
Original listing
Agent: Team Lillian Montalto
Office: Lillian Montalto Signature Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/18/2026 | 🏠 Listed for Sale | $1,550,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| Tax history not available | ||
Facts & Features
Home Facts
Type
Business Opportunity
Year Built
1937
Lot Size
3,572 sq ft
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Brick, Frame
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer, Natural Gas Available
Financial
No financial details available
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Do Not Show Up Unannounced! Owner Occupied Cals News. Cals News Business/ Inventory Subject To Separate Sale - To Be Negotiated . Subject To New Owners Approval Of Lotto And Tobacco License Transfer. 3173/sf Of First Floor Space & 3173/sf Of Basement.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
Accountant Provided, Owner Provided, Pro. Forma, Lease Agreement (4)
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1937
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1937
Structure Type:
Exterior Materials:
Brick, Frame
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Lynn School District local
D
School Safety
2024-25
3.5%
Above Average
3.0%
Suspensions
0.3%
In-School
0.1%
Expulsions
0.4%
Emergency
2.0% below state avg
Elementary Schools
3 schools
B-
KIPP Academy Lynn Charter School
0.3 mi
|
#203 of 346
|
Score: 52.0
Improved 58 spots from last year
-6.2 below state avg
1,629 students
Moderate
High Graduation Rate
Rising School
College Ready Curriculum
Grades K-12
C-
E. J. Harrington Elementary School
0.4 mi
|
#721 of 825
|
Score: 34.3
Improved 72 spots from last year
-23.9 below state avg
685 students
Moderate
Rising School
Grades PK-05
C
Washington Elementary School
0.4 mi
|
#660 of 825
|
Score: 37.9
Improved 111 spots from last year
-20.4 below state avg
453 students
Moderate
Rising School
Grades K-05
Middle Schools
2 schools
C-
Thurgood Marshall Middle School
1.0 mi
|
#311 of 352
|
Score: 30.7
Improved 40 spots from last year
-27.5 below state avg
1,190 students
Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
1.7 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
High Schools
3 schools
St. Mary's High School
0.2 mi
Grades 07-12
B+
Fredrick Douglass Collegiate Academy
0.3 mi
|
#11 of 25
|
Score: 34.7
Improved 331 spots from last year
-23.5 below state avg
364 students
Moderate
Early College Program
Rising School
Grades 06-12
City Arts & Sciences Academy at Fecteau-Leary
0.4 mi
259 students
Moderate
Grades 06-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$0
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
47-53 Central Ave, Lynn MA 01901
Lynn, MA 01901
Listing Information
Listing Agent
Team Lillian Montalto
Listing Office
Lillian Montalto Signature Properties
Office Phone
978-475-1400
Agent MLS ID
TM338007
Office MLS ID
G62122
Listing Data Updated
Sep 18, 2026 4:22 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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