Mixed-Use Redevelopment
118 NW 24th St Miami, FL 33127
For Sale
$3,375,000
COMMERCIAL - Miami, FL
Lot Size0.17 Acres
Days on Market10
Property Features for 118 NW 24th St
General Information
Property type
Commercial Sale
Property subtype
Other
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
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: Jul 27
Last Checked: Jul 30 at 5:06AM
MLS# A12056960
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Investment Insights
Based on property information with market context.
The property includes a redevelopment site with existing income-producing apartments: eight fully leased studio apartments generating approximately $12,400 per month, per the provided remarks. The proposed plan contemplates a five-story mixed-use building with 24 residential units above ground-floor retail or restaurant space.
The ground-floor commercial area is described as ranging from 4,000 to 3,600 square feet, and the remarks state the City of Miami Building Department allows building up to 20,000 square feet with no parking requirement for projects of 20,000 square feet or less. The site is identified as zoned T5-O/NRD-1.
Address: 118 NW 24th St, Miami, FL 33127.
The ground-floor commercial area is described as ranging from 4,000 to 3,600 square feet, and the remarks state the City of Miami Building Department allows building up to 20,000 square feet with no parking requirement for projects of 20,000 square feet or less. The site is identified as zoned T5-O/NRD-1.
Address: 118 NW 24th St, Miami, FL 33127.
Key Highlights
- 7,500 SF lot with ability to build up to 20,000 SF (per City of Miami Building Department for projects of 20,000 SF or less)
- No parking requirement for projects of 20,000 SF or less (City of Miami Building Department)
- Planned mixed‑use design: five‑story building with 24 residential units above 4,000–3,600 SF ground‑floor retail/restaurant space
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Zoned T5-O/NRD-1 redevelopment site with an existing leased studio apartment income stream.
Where is this apartment building located?
The property is located at 118 NW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 7,500 SF lot with ability to build up to 20,000 SF (per City of Miami Building Department for projects of 20,000 SF or less); No parking requirement for projects of 20,000 SF or less (City of Miami Building Department); Planned mixed‑use design: five‑story building with 24 residential units above 4,000–3,600 SF ground‑floor retail/restaurant space
