Property profile

2 Main St Sag Harbor, NY 11963

FOR LEASE
Investment properties
Property ID
US63-6045007
4,925 SF 0.27 ac lot Built 2010
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 2 Main St, Sag Harbor, NY 11963, presents a compelling investment opportunity. The 4,600 square foot building sits on a substantial 29-acre lot and is zoned for Village Business use, offering significant flexibility for a variety of retail ventures. The property boasts a strong pro-forma net operating income (NOI) of $580,000, demonstrating its proven profitability. Situated in the vibrant heart of Sag Harbor Village, this location benefits from high foot traffic and excellent visibility. The property is offered as a Triple Net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing the landlord's operational responsibilities. The property's substantial lot size provides ample room for expansion or future development, subject to local zoning regulations. The Suffolk County location offers easy access to major transportation routes and a thriving community. This is a rare opportunity to acquire a high-performing retail property in a desirable and sought-after location. The property's SCTM number is 0903-02.000-0002-007.003. This turnkey investment is ready for immediate occupancy or further development. Serious inquiries only.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2010
Total area 4,925 SF
Lot 0.27 ac (11,761 SF)
Zoning code VILLA
APN 0903-002.00-02.00-007.003
UPID US63-6045007

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Courier Service Postal Service
  • Cafe & Coffee Shop Take-out & Catering
  • Boat Rental Service

Location

2 Main St Sag Harbor, NY 11963
Sag Harbor metro Census 190708 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.34M

Owner & transaction history

since 2025
Last sale
$11.2M
3 recorded transactions
2025
$11.2M
2021
$18.2M
2005
$2.6M

Zoning & alternative use

VILLA · Sag Harbor, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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