18-20 Hempstead Turnpike, Oyster Bay, NY, 11735
$1,950,000
activeLot Size
14,201 sqft
Year Built
1938
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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!
Listed by Robert J. Schwendel, EXIT Realty Premier
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jul 7, 2026, 7:16 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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