Until now, the Long Island Music Hall of Fame has existed only as a website.

Brookhaven Town officials have announced an agreement for a 15-year lease at the site of the former First National Bank in Port Jefferson, 50 miles east of New York City. A lease-signing ceremony is scheduled for next week.

The facility will feature an interactive museum with exhibits, classrooms and a performance area.

The Hall of Fame honors artists from Brooklyn, Queens and Nassau and Suffolk counties who’ve made significant contributions to music. Inductees include Billy Joel, Louis Armstrong, LL Cool J, George M. Cohan, Lou Reed, the Ramones and Harry Chapin.

Renovations could take a year, but the museum may open during construction.