118 NW 24th St Miami, FL 33127

Building Details

Year Built

1927

Listing office Miami Residential Group

Listing date May 17, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Miami Residential Group

Report an issue

---

Investment Insights

Based on property information with market context.

This Wynwood property features a mix-use commercial building with an 8-plex generating income. The property is zoned T5-O/NRD-1 and has a lot size of 7,500 square feet. It is considered a covered land play property, allowing the owner to receive income while developing plans. The property presents a great opportunity for an owner-user or developer, with all tenant leases up-to-date. The current income is approximately $12,400 per month. The property includes 8 street parking spaces with city decals. A new roof was installed in 2016. A WiFi network is available for all tenants, along with a central washer and dryer. The location is minutes from the Miami Design District, Midtown, Allapattah, Miami Beach, and Downtown Miami. The building size is 2,983 square feet.

Key Highlights

• Income‑generating 8‑unit property in Wynwood (8 Studios)
• T5‑O zoning allows for mixed‑use commercial development
• 7,500 SF lot in a prime location

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $3,300,000

  3,920 SF

  Freestanding Automotive Repair Property

  Freestanding tire shop on SW 8th Street with BU-2 zoning for mixed-use residential and retail possibilities.

  8730 SW 8th St, Miami, FL 33174

  View Details
• 

  $3,300,000

  3,920 SF

  Automotive Repair and Tire Shop

  For-sale turnkey auto repair and tire business with a 3,920 SF building on a BU-2 zoned commercial lot.

  8730 SW 8th St, Miami, FL 33174

  View Details
• 

  $1,159,999

  3,000 SF

  Divisible Retail Storefront

  Retail space zoned for retail use with flexible month-to-month occupancy and the ability to operate as two separate units.

  2151 SW 8th St, Miami, FL 33135

  View Details
• 

  $1,400,000

  2,190 SF

  Corner Class A Medical Office Suite

  Class A corner suite with dedicated parking and multiple private offices plus conference and open work areas.

  8501 SW 124th Ave, Miami, FL 33183

  View Details
• 

  $1,200,000

  2,723 SF

  Stand-Alone Automotive Service Building

  Standalone automotive service building with air-conditioned workspace and room for parking or storage on a zoned mixed-use site.

  2112 NW 36th St, Miami, FL 33142

  View Details
• 

  $1,125,000

  2,300 SF

  Redevelopment Office Land Site

  Zoned T6-8-O redevelopment site with an existing office building and on-site parking.

  470 NW 22nd Ave, Miami, FL 33125

  View Details
• 

  $1,900,000

  Medical Office Complex with Parking

  Two adjacent office buildings plus a back 2/1 home offer flexible medical, rehab, or general office uses.

  3288 NW 36th St, Miami, FL 33142

  View Details
• 

  $1,900,000

  Medical Office and Rehab Campus

  A multi-building Miami healthcare site with existing office/medical use and redevelopment flexibility for apartments, retail, or office.

  3270 NW 36th St, Miami, FL 33142

  View Details
• 

  $2,400,000

  Freestanding Industrial Flex with Fenced Yard

  Freestanding industrial/flex building with fenced yard and on-site parking, delivered vacant at closing for owner use or leasing.

  651 NW 106th Street, Miami, FL 33150

  View Details
• 

  $5,300,000

  Second-Generation Freestanding Restaurant

  Turnkey freestanding restaurant with partially equipped kitchen, dining/bar layout, and outdoor gazebo service window.

  45 NW 22nd Ave, Miami, FL 33125

  View Details
• 

  $575,000

  1,503 SF

  Miami Development Opportunity: Two Lots

  Two adjacent lots totaling 10,000 sqft in rapidly growing Miami.

  759 NW 73rd ST, Miami, FL 33150

  View Details
• 

  $8,999,900

  Supermarket Business and Real Estate

  Thriving supermarket, restaurant, bakery, and real estate for sale.

  1305 SW 8th St, Miami, FL 33135

  View Details

FAQs

What type of property is this?

Commercial land - Wynwood land with income-generating 8-unit apartment building for sale.

Where is this commercial land located?

The property is located at 118 NW 24th St Miami, FL.

What is the asking price?

The asking price for this property is $3,425,000.

What are key features of this property?

This property features: Income‑generating 8‑unit property in Wynwood (8 Studios); T5‑O zoning allows for mixed‑use commercial development; 7,500 SF lot in a prime location