SALEM – A Lynn man caught peddling cocaine near a school zone received three years in jail and will lose his driving privileges for the next five years.Miguel Soto, 40, last known address of 29 Chatham St., #3, changed his plea of innocent to guilty, admitting to possession with the intent to distribute cocaine and possession with the intent to distribute cocaine within a school zone arising out of his arrest in 2009.He was sentenced to serve two and a half years in the House of Corrections on the school zone violation and another six-month term for the possession with the intent to distribute cocaine by Superior Court Judge David A. Lowy.Soto has already served 215 days in lieu of bail awaiting trial on the case. Because it is a jail term instead of a state prison sentence, he must serve only about one-half of the three-year punishment before he is paroled.On the afternoon of Aug. 31, 2009, Soto made arrangements to meet an undercover officer and they proceeded to Essex Street, next to the Ingalls Elementary School, where he sold the officer five grams of cocaine for $450.The undercover officer had requested to be sold heroin but Soto instead showed up with cocaine, according to reports.Although Soto previously was convicted of dealing narcotics in 1998 out of Federal Court in Boston, the commonwealth agreed not to prosecute in exchange for his confession, sparing Soto another five-year mandatory prison term.Soto was indicted by an Essex County grand jury in November 2009.