Date
Details
Price
Change
Source
6/08/2026
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/16
$1,600,000
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1/16
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.
Full Property Details
Full Property Details for 47-53 Central Ave
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General
- Price: $1,600,000
- Taxes: $9,449 (2025)
- Status: Active
- Type: Commercial
- MLS ID: 73531957
- Updated: 6/12/2026
- Added to Site: 12 day(s) ago
Location
- County: Essex
Structural Information
- Square Feet: 6,346
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.08
Financial Considerations
- Tax Amount: $9,449
- Tax Year: 2025
Disclosures and Reports
- Disclosures/Rstr.: 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.
- Property ID: M:068 B:634 L:006, 2003522
- Block/Lot/Section: 634
Listed by Lillian Montalto Signature Properties, Team Lillian Montalto and Wayne Altavilla
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Listing agents
— 47-53 Central Ave —
Team Lillian Montalto
Lillian Montalto Signature Properties
Wayne Altavilla
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 47-53 Central Ave
School District:Lynn School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, Lynn, MA 58 Blossom Street, Lynn, MA 01902 | K-4 | 0.4 mi |
William R Fallon Elementary School 100 Robinson Street, Lynn, MA 01905 | K-6 | 1.3 mi |
Fecteau-Leary Junior/Senior High School 33 North Common Street, Lynn, MA 01902 | 7-12 | 0.4 mi |
Thurgood Marshall Middle School 100 Brookline Street, Lynn, MA 01902 | 6-8 | 0.9 mi |
Lynn English High School 50 Goodridge Street, Lynn, MA 01902 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 47-53 Central Ave
Tax History
Tax History for 47-53 Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,449
—
$475,800
2%
2024
$9,448
-3%
$468,200
3%
2023
$9,693
5%
$454,000
17%
2022
$9,205
-5%
$388,400
—
2021
$9,718
-3%
$388,400
—
2020
$10,048
4%
$388,400
11%
2019
$9,633
2%
$348,900
9%
2018
$9,427
-2%
$320,100
2%
2017
$9,578
-1%
$312,300
3%
2016
$9,689
-5%
$302,200
—
2015
$10,148
—
$302,200
3%
2014
$10,189
—
$292,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 47-53 Central Ave
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- Single Family
- Active
- Updated 20 hours ago
- 4Beds
- 2Total Baths
- 2,338Sq. Ft.
Listed by The Paradigm Team (617) 731-2447
- Single Family
- Active
- Updated 3 hours ago
- 4Beds
- 2Total Baths
- 2,258Sq. Ft.
Listed by Beth Jacobs (781) 820-9957
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 2,170Sq. Ft.
Listed by Zoe Karademos (781) 405-7122
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,063Sq. Ft.
Listed by Ford Fraker (617) 230-2412
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- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 3Total Baths
- 1,860Sq. Ft.
Listed by Sabbor Sheikh (617) 767-6228
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,385Sq. Ft.
- Single Family
- Active
- Updated 14 hours ago
- 5Beds
- 2Total Baths
- 1,594Sq. Ft.
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- Single Family
- Closed
- Updated 4 days ago
- 4Beds
- 3Total Baths
- 2,492Sq. Ft.
47-53 Central Ave, Lynn, MA 01901 (MLS# 73531957) is a Commercial property. 47-53 Central Ave is currently listed for $1,600,000 and was received on June 08, 2026. Want to learn more about 47-53 Central Ave? Do you have questions about finding other Commercial real estate for sale in Lynn? You can browse all Lynn real estate or contact a Coldwell Banker agent to request more information.