NAI Miami | Fort Lauderdale Closes $1.47M Sale of Former Pizza Hut Site in Homestead, FL

Miami, FL – 14 May 2025 – Robert Eckstein and Joseph Gallaher, Partners of NAI Miami | Fort Lauderdale, represented the seller, Frances Family Trust in the $1,475,000.00 sale of a former Pizza Hut restaurant in Homestead, Florida. The buyer, JJ Valle, LLC, acquired the site and was represented by local sales agent Nancy O’Brien of The Keyes Company.

The property, located at 25 North Homestead Boulevard, consists of 0.62 acres and features a 3,564-square-foot, freestanding, second-generation restaurant building. With direct frontage along South Dixie Highway (N Homestead Blvd), the site offers exceptional visibility and access in a key commercial corridor between Homestead and Florida City.

“I’m delighted to have worked with the Frances Family as they have owned this property for almost 40 years,” said Robert Eckstein. “They realized that selling this property at this point and time was what was best for them and their children.”

The sale reflects a growing interest in redevelopment opportunities across Homestead. NAI Miami | Fort Lauderdale is currently representing several additional land listings in the area.

“This transaction underscores the vitality of Homestead’s retail sector beyond the Campbell Drive and Turnpike intersection,” said Joseph Gallaher. “With the water moratorium now lifted and increased interest in our other land listings, we anticipate an acceleration of ground-up development along the South Dixie corridor in the coming year.”

Located adjacent to the sold site is a 2.72-acre ground lease offering triple frontage along S. Dixie Highway, E. Mowry Drive, and NE 6th Avenue. This highly trafficked intersection presents a significant opportunity for investors and developers seeking long-term value in a growing submarket.

For more information about this transaction or other investment opportunities, please visit www.naimia-ftl.com.

About NAI Miami | Fort Lauderdale
Headquartered in the Dadeland Area of Miami, with additional offices in the Doral/Airport area, Downtown Coral Gables and Downtown Fort Lauderdale, NAI Miami | Fort Lauderdale has been a market-leading, full-service commercial real estate brokerage firm since 1996, providing exceptional service and expertise in the South Florida Market. We are independent owner-operated and locally grown, with the freedom to act quickly and creatively on your behalf. With more at stake than traditional firms, NAI Miami | Fort Lauderdale takes your business personally and is committed to providing the highest level of service and smart execution.

At NAI Miami | Fort Lauderdale we possess the multiple disciplines required of a full-service real estate firm with expertise in sales and acquisitions, leasing, management, financing, planning, zoning, litigation support, and forensic real estate analysis. We serve our clients with a single point of contact that effectively delivers a variety of strategic and tactical solutions across platforms. We understand the realities of today’s business world. The bottom line – we know that when we deliver results to our clients, we all benefit. To learn more, visit www.naimia-ftl.com.

About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting, and related advisory services. NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges. To learn more, visit www.naiglobal.com.