$3,350,000

118 NW 24th, Miami FL, 33127

Price per sqftN/A

Property typeCommercial

Courtesy of Cuindney Mantilla with IRG

Overview

Active

Listed Jul 21, 2026

Updated Sep 14

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 rou

Additional information

MLS^® ID: A12056960

Interior Features

Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $56,717
Tax Frequency: Annually

Also listed on RMLS & RAGFL

Courtesy of IRG, Cuindney Mantilla,
Listing Contact: 203-508-2407

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 9/14/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 1:18 PM UTC, 9/14/2026