118 NW 24th St
Miami, FL 33127
MLS# A12056960
Want to See All 22 Photos?
Register for free to view all property photos and get access to exclusive listings!
Register for Free AccessYou've viewed 10 of 22 photos
Property Details
Bedrooms
Bathrooms
Square Feet
—
Year Built
—
Property Type
Commercial
Status
Active
Description
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 routes ensures connectivity across Greater Miami, and the neighborhood’s walkability supports its thriving cultural, culinary, and retail environment. Investors can leverage Wynwood’s upward trajectory for appreciation while benefiting from dependable short-term cash flow. This is a compelling opportunity to control an income-producing asset with significant redevelopment potential in one of Miami’s most dynamic corridors.
Interested in this property?
Similar Homes You May Like
118 NW 24th St
Miami, FL 33127
Multifamily Investment (8/8 Studios in WYNWOOD - FOR SALE) •Zoning: T5-O/NRD-1 • Lot Size 7,500SF •Covered Land Play property; Owner would receive income while working on development plans • Great opportunity for owner user or developer with all tenant leases up-to-date •…
Read moreThis listing is courtesy of International RG.
418 NW 47th St
Miami, FL 33127
This unit is minutes away from Midtown, Miami Beach, South Beach, Downtown Miami! This is a cash cow! Completely Renovated and Fully Rented! Landlord pays electric and water bill.
Read moreThis listing is courtesy of EXP Realty LLC.
145 NW 31st St
Miami, FL 33127
Wynwood Norte development opportunity! 7,150 SF lot is Triplex Teardown zoned TR-4/NRD-2. Parcel-specific zoning information indicates a maximum potential of 16 residential units at a stated density of 150 units per acre; buyer to independently verify all zoning, density,…
Read moreThis listing is courtesy of JFA Realty Co.
4141 NW 5th Ave
Miami, FL 33127
Beautiful home in Buena Vista. Steps to Design district, Midtown and Wynwood. Property is in the middle of the city. Great over sized corner lot, room for a very nice pool. This property has hurricane impact windows and doors, roof is about 3-4 years old, nice hedges for privacy…
Read moreThis listing is courtesy of South Florida Realty LLC.
More Homes in 33127
View all homes in 33127
2695 NW 7th Ave
Miami, FL 33127
EXCELLENT BUSINESS OPPORTUNITY! Entire commercial property for lease at $17,000/month in a prime Miami location near Wynwood! Currently operating as an automotive repair and body shop with a LICENSED AUTOMOTIVE PAINT BOOTH. IF THE TENANT CHOOSES TO CONTINUE THE EXISTING…
Read moreThis listing is courtesy of City Property Realty.
666 NW 28th St
Miami, FL 33127
EXCELLENT BUSINESS OPPORTUNITY! Fully equipped, move-in-ready professional office for lease at $6,500/month in Miami, near Wynwood! Features a welcoming reception lobby with desk and 4 waiting chairs, a fully furnished conference room with table, 6 professional chairs and 2 TVs,…
Read moreThis listing is courtesy of City Property Realty.
749 NW 60th St # 3
Miami, FL 33127
Beautifully maintained 2-bedroom apartment featuring spacious interiors, modern appliances, and abundant natural light in every room. Clean, move-in ready, and professionally maintained, this home offers a warm family-friendly atmosphere and comfortable living spaces.…
Read moreThis listing is courtesy of Pacar Real Estate.
2797 NW 7th Ave
Miami, FL 33127
GREAT BUSINESS OPPORTUNITY! Fully equipped automotive repair shop for rent at $12,000 per month, located near Wynwood in Miami. The rental includes the entire property, all automotive lifts, machinery, tools, and equipment. READY FOR IMMEDIATE OCCUPANCY! This property is not…
Read moreThis listing is courtesy of City Property Realty.
70 NW 33rd St
Miami, FL 33127
Immaculate and well-maintained 2/1 single-family home featuring a comfortable living and dining area, a functional kitchen, and an in unit washer and dryer. The home has been freshly painted and features central A/C and nearly new appliances, approximately one year old. Enjoy a…
Read moreThis listing is courtesy of FGI Realty.
90 NE 32nd St # 406
Miami, FL 33127
Unit currently being fully furnished & decorated by renowned architect and interior designer. Experience modern urban living at its finest in this brand-new 1-bedroom plus den residence in the heart of Midtown Miami. Thoughtfully designed with warm contemporary finishes,…
Read moreThis listing is courtesy of Douglas Elliman.
Own a home nearby? See what it may be worth
Get a free, no-obligation valuation from a local Miami real estate expert.
Get Your Home ValuationGet new listings in 33127
Register for updates on homes that match the area you are exploring.
Alert MeListing data updated