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.