27-29 Front Street, Hempstead, NY, 11518
$1,100,000
activeLot Size
4,000 sqft
Year Built
1928
Stories
2
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Mixed-Use Investment Opportunity Excellent opportunity to acquire a well-maintained mixed-use property offering both stable residential income and flexible commercial space in a convenient East Rockaway location. The property features approximately 1,900 square feet of updated first-floor commercial space, including professional office space with an attached garage/warehouse area. The commercial space is currently owner-occupied and is expected to be delivered vacant at closing, making it ideal for an owner-user or investor seeking to lease the space at current market rates. The second floor consists of approximately 1,700 square feet of fully leased residential apartments currently generating $6,000 per month ($72,000 annually) in rental income. The residential units enjoy their own private entrance, separate from the commercial space. Based on current market conditions, the first-floor commercial space is estimated to command approximately $4,500 to $5,500 per month in rental income (approximately $54,000 to $66,000 annually), creating the potential for strong cash flow when fully leased. Buyers should conduct their own due diligence regarding rental rates and income projections. Property highlights include: Approximately 3,600 square feet of combined commercial and residential space Updated first-floor office with flexible layout Attached garage/warehouse space Separate commercial and residential entrances Fully occupied residential units Commercial space delivered vacant Convenient proximity to the LIRR, major roadways, shopping, restaurants, and local business districts Whether you're an investor seeking multiple income streams or an owner-user looking to offset occupancy costs with residential rental income, this versatile mixed-use property offers exceptional flexibility and long-term investment potential on Long Island
Listed by Clementine Becker E-PRO PSA, Coldwell Banker American Homes
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Jun 30, 2026, 4:33 PM 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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