NAI Miami | Fort Lauderdale Sold $2.6M Retail Buildings on North Flagler Avenue
Miami, FL – 21 April 2025 – Edward Schmidt, CCIM, SIOR, Co-Chairman and Craig Merlin, Vice President of NAI Miami | Fort Lauderdale, represented the seller, 1106, LLC. in the $2,602,250.00 sale of retail buildings located at 1106-1122 North Flagler Avenue, Homestead, FL 33030, to Mohammad Bhuiyan, represented by Faisal Awan and Fuad Azadi from Realty One Group Plus.
The property consists of three one-story retail buildings totaling 10,308 square feet on a 0.87-acre land parcel along North Flagler Avenue, a main thoroughfare that runs north-south through the city of Homestead, serving as a major artery for traffic and commerce.
“This acquisition is located in a rapidly growing area of Homestead which is seeing a lot of development on the residential and retail sides,” said Merlin.
“The buyer is positioned to continue receiving good income on the purchase with an option to redevelop in the future,” added Schmidt.
This transaction reflects the on-going investor demand for income-producing retail assets in evolving South Florida markets.
For additional information on this transaction or other opportunities, please visit our website: 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.
