$1,950,000
18-20 Hempstead Turnpike
Details
APN 2489-49-248-00-0017-0
Property Type Office, Mixed Use
Sub Type Traditional Office, Executive Office
Square Footage 5,396
Class B
Year Built 1938
Acreage 0.326
Parking Spaces 16 spaces
Parking per 1,000 SqFt 2.97
Ground Lease No
Income-Producing Commercial Property with Flexible Multi-Tenant Potential
Marketing description
Prime Commercial Investment Opportunity in Farmingdale! Discover an exceptional commercial property offering outstanding flexibility, existing rental income, and endless possibilities for investors and owner-users alike. Featuring 10 private offices, 5 bathrooms, 16 dedicated parking spaces, and the potential for up to 4 separate rental spaces, this versatile property is designed to accommodate a variety of business and income-producing uses. An established dance studio tenant is currently in place, generating $4,326 per month in rental income and providing immediate cash flow. The main office suite features 5 private offices, a reception area, conference room, bathroom, and front and rear entrances with ramp access. The second-floor office offers 2 private offices, a conference room, kitchen, laundry room, full bathroom with shower, and private balcony. The dance studio includes a reception area, private office, 2 bathrooms, and a separate entrance with ramp access. The lower-level office provides a large workspace with cubicles, conference room, storage area, high ceilings, and a private entrance. Additional highlights include a state-of-the-art lighting system controlled by app or switches and a security camera system throughout the property. Whether you’re looking to occupy a portion of the building while generating rental income or seeking a flexible multi-tenant investment opportunity, this unique Farmingdale property offers exceptional functionality, versatility, and long-term potential. A must-see commercial opportunity!
Investment highlights
- Existing Tenant Income — Established dance studio generating $4,300/month
- Multi-Tenant Potential — Flexible configuration for up to 4 separate rental spaces
- Owner-User Opportunity — Occupy one space while generating income from the others
- 10 Private Offices + 5 Bathrooms — Built to accommodate multiple businesses and tenants
- Multiple Private Entrances — Allows for independent access and separation between spaces
- 16 Dedicated Parking Spaces — Strong amenity for tenants, employees, and clients
- High-End Improvements — Smart app-controlled lighting and security cameras throughout
- Diverse Leasing Potential — Office, professional, studio, and flexible workspace configurations
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Zoning
NB CommercialNeighborhood CommercialNeighborhood Business
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View all 94 uses Last updated Jul 3, 2026 For deeper zoning details, reports are available at Zoneomics
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