Berger Commercial Realty Facilitates $2.2M Mixed-Use Property Sale in Fort Lauderdale’s Flagler Village

Fort Lauderdale, FL – May 22, 2025 – Steve Hyatt, Senior Vice President at Berger Commercial Realty/CORFAC International, successfully represented the seller in the $2,200,000 sale of a fully renovated mixed-use industrial property located in the heart of Fort Lauderdale’s Flagler Village neighborhood.

The transaction, which closed on May 22, involved a 4,502-square-foot live-work, loft-style commercial building at 437 NW 1st Avenue. Originally constructed in 1958 and modernized in 2018, the property combines vintage architectural elements with contemporary upgrades, making it a standout asset in this rapidly developing district.

The seller, the Charles L. Peet Revocable Trust, was represented by Hyatt, while the buyer, Ronald Marks, was represented by Matt Lyons of Expedited Development Services LLC.

The final sales price of $2.2 million, or approximately $489 per square foot, reflects continued demand for well-located mixed-use commercial real estate in Flagler Village —a neighborhood known for its walkability, creative community, and blend of residential, retail, and office space.

“Flagler Village continues to be a very desirable location to live and work,” said Hyatt. “This sale highlights the strength of the market and the unique appeal of mixed-use properties in this growing Fort Lauderdale neighborhood.”

About Flagler Village

Flagler Village is one of Fort Lauderdale’s most dynamic and fast-growing urban areas. Once a warehouse district, it has transformed into a walkable and art-centric community featuring modern lofts, creative office spaces, galleries, restaurants, and vibrant nightlife. Its location just north of Downtown Fort Lauderdale makes it a hotbed for real estate investment and development.