118 NW 24th St, Miami, FL 33127

Miami
Local realty services provided by:First Service Realty ERA Powered
118 NW 24th St,Miami, FL 33127
$3,350,000
Virtual Tour
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: cuindney mantilla
Office: irg305-507-5546
MLS#:A12056960
Source:SEFMLS

Price summary

  • Price:$3,350,000

About this home

7,500 SF lot to Build up to 20,000 SF with no parking requirement, according to the City of Miami Building Department for projects of 20,000 SF or less. The site allows for a five-story mixed-use building featuring 24 residential units above a 4,000-3,600 SF ground-floor retail or restaurant space. The commercial space can be leased to generate a stable NNN (Triple Net) income stream, creating an additional revenue source while maximizing the property's long-term investment potential. This land - multifamily in the heart of Miami’s iconic Wynwood Arts District featuring eight fully leased studio apartments generates steady in-place income of approximately $12,400 per month, making it a strong holding option while exploring future redevelopment. Zoned T5-O/NRD-1. The property benefits from its proximity to major lifestyle and employment hubs, including the Miami Design District, Midtown, Allapattah, and Downtown Miami, all within minutes. Immediate access to key transportation...

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Home facts

  • Subdivision & Development:MARKS SUB
  • Listing ID #:A12056960
  • Updated:September 06, 2026 at 10:02 AM

Structure and exterior

  • Lot area:0.17 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,350,000
  • Tax amount:$56,717 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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