$1,550,000

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.