118 NW 24th Street
Miami, FL 33127
0.17Acre(Lot)
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
Property Details
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Map
What's Nearby
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Features
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Lot Information
Lot Dimensions: 7500 Lot Size Acres: 0.17 Lot Size Square Feet: 7,500 Lot Description: OneToTwoAcres,TwoToThreeAcres,CentralBusinessDistrict,CityLotProperty Information
Subdivision: MARKS SUB Source Property Type: Land Postal Code Plus 4: 4458 Property SubType: Unimproved Land
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Listing Price Information
Listing Price: $3390000
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Tax Information
Parcel Number: 0131250370420 Tax Year: 2025 Annual Tax: $56717 Tax Legal Desc: 25 53 41 MARKS SUB PB 1-28 LOT 16 BLK 2 LOT SIZE 7500 SQ FT 73R-256923 OR 21083-4544 0901 4 COC 26485-4056 07 2008 4
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School Information
Elementary School: Paul Laurence Dunbar K-8 Junior High School: Jose De Diego Senior High School: Booker T. Washington -
Utility Information
CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, TrashCollection, WaterAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 70 NW 33rd St, Miami, FL, 33127 | $1,600,000 | -- | -- | -- | 5,400 Sqft(Lot) |
| 161 NW 35th St, Miami, FL, 33127 | $1,300,000 | -- | -- | -- | 5,000 Sqft(Lot) |
| 60 NW 20th Street, Miami, FL, 33127 | $12,000,000 | -- | -- | -- | Acres (Lot)-- |
| 4128 N Miami Ave, Miami, FL, 33127 | $6,000,000 | -- | -- | -- | 5,000 Sqft(Lot) |
| 107 NW 31st St, Miami, FL, 33127 | $5,600,000 | -- | -- | -- | 7,150 Sqft(Lot) |
| 134 NW 32nd Street, Miami, FL, 33127 | $1,299,000 | -- | -- | -- | Acres (Lot)-- |
| 145 NW 31st Street, Miami, FL, 33127 | $1,475,000 | -- | -- | -- | Acres (Lot)-- |
| 5527 NW Miami Court, Miami, FL, 33127 | $600,000 | -- | -- | -- | Acres (Lot)-- |
| 4282 NW 1st Avenue, Miami, FL, 33127 | $1,299,000 | -- | -- | -- | Acres (Lot)-- |
| 178 NW 32nd St, Miami, FL, 33127 | $1,375,000 | -- | -- | -- | 7,200 Sqft(Lot) |
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ByOwner last updated this listing 07/22/2026 @ 13:54
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