23 Brg St, Sag Harbor, NY 11963-3023
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.
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East End Awning LLC Building Supply Hardware & Home Improvement
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
VILLA · Sag Harbor, NYSag Harbor. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.