Waterfront property with spectacular views of Sag Harbor Bay and Cove at the most visible gateway to Sag Harbor Village exiting the bridge. Incredible location, 120 feet from Main Street, adjacent to the new Steinbeck Park. Most sought-after property in Sag Harbor Village & premier retail complex in the Hamptons. 15,700 current square footage (approx. 14K on first floor and 1.7K on second.). Includes a parking lot with 26 spaces plus approximately 185 grandfathered spaces. Current layout can be reconfigured to offer more traditional sized stores oriented towards Sag Harbor Bay adding walls of glass to capitalize on the views. First floor waterfront would lease for $150/sf after renovation. Equals approx. $2,085,000 NOI. Second floor expansion “as-of-right,” allows expansion to cover footprint. 12,250 sq ft expansion would bring in an additional $1,527,500 in NOI. Total pro forma NOI is $3,612,500 after renovation / second floor addition. Value after renovation at a 6 CAP = $60,208,333. All current tenants (excluding one) on month-to-month basis.