$1,550,000
About this home
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
- MLS #
- 73531957
- Property type
- Commercial Sale
- Subdivision
- N/A
- Status
- Active
- Days on market
- 113
- On market date
- June 8, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.08 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 637
- Student:teacher ratio
- 11.6:1
- District
- Lynn
- Enrollment
- 1,275
- Student:teacher ratio
- 13.6:1
- District
- Lynn
- Enrollment
- 90
- Student:teacher ratio
- 3.5:1
- District
- Lynn
Walkability
Blended score for Lynn's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Lynn, from live MLS data.
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 31, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.