631-858-2460
138 Main St, Sag Harbor, NY for Sale
Office - FOR SALE
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138 Main St
Sag Harbor, NY 11963


HIGHLIGHTS

  • Originally built in the early 1900s, the iconic "Sag Harbor Savings Bank" building retains its architectural elegance.
  • Positioned on a highly visible corner in the heart of Sag Harbor's Village Business District, surrounded by high-end boutiques, and fine dining.
  • Apple Bank is considering a strategic sale-leaseback, and the second-story office spaces are occupied with short-term leases in place.
  • The property offers exceptional versatility, with zoning that allows for a variety of uses, including retail, corporate headquarters.
  • A dedicated private parking lot in the rear serves the building's tenants and visitors, adding significant convenience in this high-demand location.

OVERVIEW

Positioned in the heart of Sag Harbor's prestigious Village Business District, the historic "Sag Harbor Savings Bank" building presents a rare and exceptional investment opportunity. On the market for the first time, this distinguished two-story property combines early 1900s architectural elegance with the expanded functionality of its 1960 one-story extension. Apple Bank, which currently occupies a portion of the building, is considering a strategic sale-leaseback offering new possibilities for ownership or redevelopment. The second-story office spaces are occupied with tenants having short term leases, providing flexibility for an end-user, while Douglas Elliman's lease for the one-story extension ends May 2028. Additionally, the property features a private parking lot in the rear with direct access to the building and dedicated to the building's tenants and visitors-a valuable convenience in this sought-after location. Sag Harbor is renowned for its waterfront charm, historic character, and dynamic business environment, making this property an outstanding choice for discerning investors. The Village Business District zoning offers versatility in potential commercial uses, enhancing its redevelopment appeal. Whether transformed into a flagship retail space, corporate headquarters, or premier dining destination, this landmark building represents a unique opportunity in one of the Hamptons' most sought-after locations.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

VILLA

APN/PARCEL ID

0903-002-00-02-00-045-001

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.