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118 NW 24th, Miami, FL 33127

Miami
Local realty services provided by:CENTURY 21 Move With Us
118 NW 24th,Miami, FL 33127
$3,350,000
Virtual Tour
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: cuindney mantilla
Office: international rg
MLS#:A12056960
Source:FL_RAMC

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
  • Added:60 day(s) ago
  • Updated:October 31, 2026 at 09:30 PM

Structure and exterior

  • Lot area:0.17 Acres

Utilities

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

Finances and disclosures

  • Price:$3,350,000
  • Tax amount:$56,717 (2025)
MLS LogoThe data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor<REGISTERED_LOGO> Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than CENTURY 21 Move With Us are marked with the IDX logo (Broker Reciprocity) or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

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