Turnkey Corner Liquor
547 Morgan Ave Brooklyn, NY 11222
For Sale
$160,000
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 Market244
Property Features for 547 Morgan Ave
General Information
Standard status
Active
Size
1,200 SF
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source:
Exprealty
Added: Nov 28, 2025
Changed: Jul 10
Last Checked: Jul 29 at 5:11PM
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
Location Intelligence
Current Use
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
