Wynwood Mixed-Use Redevelopment
For Sale
$3,350,000
118 NW 24th St, Miami, FL 33127
Land, Miami, FL
Property SizeContact for details
Lot Size0.17 Acres
Days on Market40
Property Features for 118 NW 24th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
6101
Subdivision
MARKS SUB
Standard status
Active
APN
01-31-25-037-0420
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
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
Tax Annual Amount
56717
Legal Description
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
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
IRG
(305) 507-5546
Listed By:
Cuindney Mantilla · License #3325552
(203) 508-2407
Added: Jul 21
Changed: Aug 19
Last Checked: Aug 29 at 10:06AM
MLS# A12056960
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.1722-acre mixed-use property includes eight fully leased studio apartments and is zoned T5-O/NRD-1. The existing income-producing asset can support continued operations while redevelopment plans are evaluated. The site is identified for a potential five-story mixed-use building with 24 residential units over ground-floor retail or restaurant space, with up to 20,000 SF of total buildable area.
Located at 118 NW 24th St in Miami’s Wynwood Arts District, the property is near the Miami Design District, Midtown, Allapattah, and Downtown Miami. Public water and public sewer serve the site, with cable available. For projects of 20,000 SF or less, the City of Miami Building Department indicates that no parking requirement applies.
Located at 118 NW 24th St in Miami’s Wynwood Arts District, the property is near the Miami Design District, Midtown, Allapattah, and Downtown Miami. Public water and public sewer serve the site, with cable available. For projects of 20,000 SF or less, the City of Miami Building Department indicates that no parking requirement applies.
Key Highlights
- 0.1722‑acre mixed‑use property in Miami’s Wynwood Arts District
- Eight fully leased studio apartments
- Zoned T5‑O/NRD‑1
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,210
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight leased studio apartments provide current income while the site supports future mixed-use redevelopment.
Where is this mixed-use property located?
The property is located at 118 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 0.1722‑acre mixed‑use property in Miami’s Wynwood Arts District; Eight fully leased studio apartments; Zoned T5‑O/NRD‑1
