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Property summary
This exceptional Sag Harbor commercial property, located at 23 Bridge Street, offers a unique investment opportunity. The 0.29-acre lot features three buildings totaling 3,000 square feet, currently used as a fitness studio and office spaces. The main structure, a 2,000 square foot building, is ideally suited for conversion into a quick-service restaurant, with existing space for 16 indoor seats and access to an outdoor patio. A second-floor area could be utilized as an apartment or office. Two additional cottages, one residential (600 sq ft) and one retail/office (400 sq ft), provide further versatility. The property benefits from a private parking lot and a central courtyard connecting all buildings. Its prime corner location, situated between main village parking lots and adjacent to a proposed condo development, promises significant future appreciation. Permitted uses include professional offices, personal services, single-family homes, apartments, bed-and-breakfasts, workshops, grocery stores, retail stores, taverns, fast food establishments, fitness centers, daycares, and outdoor dining. The property's zoning is Office District. Built in 2003, the property consists of two stories across three buildings with four units. This presents a compelling opportunity for a savvy investor seeking a high-return property in a thriving Hamptons location.
Property profile
VerifiedCap rate & NOI
Current use
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Building Supply Hardware & Home Improvement
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
VILLA · Sag Harbor, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for VILLA in Sag Harbor, NY.
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