Turnkey Corner Liquor
For Sale
$160,000
547 Morgan Ave, Brooklyn, NY 11222
Profitable turnkey liquor storefront with basement storage and a transferable liquor license for ready ownership transition.
Property Size1,200 SF
Price / SF$133.33
Days on Market269
Property Features for 547 Morgan Ave
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$7,000
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source:
Exprealty
Added: Nov 27, 2025
Changed: Aug 23
Last Checked: Aug 23 at 2:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ProBase Real Estate
Investment Insights
Based on property information with market context.
This turnkey liquor store is set up for immediate operation, offering a dedicated retail area plus substantial back-of-house storage. The sale includes approximately 1,000 sq ft of retail space and an additional 1,200 sq ft of basement storage described as clean and organized for inventory and day-to-day operations. The business is presented with all furniture and fixtures included, and the inventory will be calculated prior to closing. A key component of the transaction is the transfer of the liquor license, supporting a smooth change in ownership.
The store is located in Greenpoint, Brooklyn, and described as a corner location designed to capture visibility from its storefront positioning. The opportunity is offered by a retiring owner, with the current operation in place for years.
For a new owner-operator or an investor looking to take over an operating concept, the structure of the existing arrangement is a central feature. The favorable 5-year lease includes a modest 3% annual increase and a 5-year renewal option, providing a defined runway for continued occupancy. The offering is also described as including an established customer base and a strong neighborhood reputation, both intended to support continuity after the ownership transition.
The store is located in Greenpoint, Brooklyn, and described as a corner location designed to capture visibility from its storefront positioning. The opportunity is offered by a retiring owner, with the current operation in place for years.
For a new owner-operator or an investor looking to take over an operating concept, the structure of the existing arrangement is a central feature. The favorable 5-year lease includes a modest 3% annual increase and a 5-year renewal option, providing a defined runway for continued occupancy. The offering is also described as including an established customer base and a strong neighborhood reputation, both intended to support continuity after the ownership transition.
Key Highlights
- Well‑established corner liquor store in Greenpoint with a transferable liquor license included in the sale
- 1,000 SF retail storefront plus 1,200 SF clean, organized basement storage for inventory and operations
- Favorable 5‑year lease with 3% annual increases and a 5‑year renewal option
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,503
Businesses Nearby
121k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 38%
Office Supplies 15%
Groceries 5%
McDonald's
Dining
41,258 visits/mo
0.2 miles
Dollar Tree
Shops & Services
27,945 visits/mo
0.1 miles
Staples
Office Supplies
18,417 visits/mo
0.2 miles
BP
Shops & Services
18,285 visits/mo
0.1 miles
Met Food
Groceries
6,535 visits/mo
0.2 miles
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Profitable turnkey liquor storefront with basement storage and a transferable liquor license for ready ownership transition.
Where is this retail space located?
The property is located at 547 Morgan Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Well‑established corner liquor store in Greenpoint with a transferable liquor license included in the sale; 1,000 SF retail storefront plus 1,200 SF clean, organized basement storage for inventory and operations; Favorable 5‑year lease with 3% annual increases and a 5‑year renewal option
