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23 Bridge St 3,000 SF 45% Leased Retail Building Sag Harbor, NY 11963 $3,995,000 ($1,331.67/SF)

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INVESTMENT HIGHLIGHTS

  • Multi Structure Property - Main Building & 2 Cottages
  • Office District Zoning Provides Various Uses
  • Adjacent to Main Village Parking Lots
  • Beautiful Courtyard & Private Parking
  • Access to Main Roads & Main Street
  • Can Be Purchased As An Assemblage

EXECUTIVE SUMMARY

Prime Village Location with Long-Term Upside – Located on a prominent 0.29-acre corner lot just off Main Street, this fully leased mixed-use compound offers an ideal balance of diversification, visibility, and accessibility. The site sits at the southern extension of Sag Harbor’s Village Core Business District, in an area poised for long-term growth and rising tenant demand.
Multi-Structure Layout with Private Parking – The property includes 3,000sf of built space across three structures: a main two-story building and two freestanding cottages, all connected by a landscaped courtyard and supported by a private parking lot. Current tenant mix generates strong in-place income with upside through future repositioning.
Future Infrastructure & Neighboring Development – The site is positioned to benefit from future connection to Sag Harbor’s sewer district, unlocking expanded use potential and improving long-term site functionality. Additionally, the adjacent luxury condo proposed development—with over two dozen new units—will bring new customers, value, and vitality to the immediate area.
Flexible Zoning & Conversion Potential – The property’s zoning allows for a wide range of uses including office, personal service, retail, workshop, residential, and food service (via Special Exception). The main structure could be converted into a quick-service restaurant with 16 indoor seats and use of the outdoor patio, or the site can be reimagined with a unified site plan or optimized as-is.
Current Uses:
-Main Building – 1st Floor: Salon Studio (1,000 SF)
-Main Building – 2nd Floor: Residential Apartment (1,000 SF)
-Front Cottage: Residential Apartment (600 SF)
-Rear Cottage: Professional Office (400 SF)
Asking Price: $3,995,000
Assemblage Opportunity: May be purchased alongside 12 Rose Street (.11 acres, 2,670 SF mixed-use) for expanded scale and site planning flexibility.
Inquire with the Hamptons Commercial Real Estate Team for additional information.
23 BRIDGE ST, SAG HARBOR THE HAMPTONS COMMERCIAL RE TEAM | COMPASS
SCTM# 0903-002.000-0002-014.001 Town Tax Bill (2024): $6,475.12 Village Tax Bill (2024): $3,193.41

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
2003
Price
$3,995,000
Price Per SF
$1,331.67
Percent Leased
45%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.29 AC
Zoning
VB - Sag Harbor Village Office District
Frontage
98’ on Bridge

AMENITIES

  • Air Conditioning

NEARBY MAJOR RETAILERS

IGA
Apple Bank
Chase Bank
Dime Community Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0903-002-00-02-00-014-001
Land Assessment
$677,000
Improvements Assessment
$472,700
Total Assessment
$1,149,700
  • Listing ID: 30896774

  • Date on Market: 2/7/2024

  • Last Updated:

  • Address: 23 Bridge St, Sag Harbor, NY 11963

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