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    120 24Th St Miami, FL 33127

    For Lease
    $50 SF/Yr

    Prime Wynwood retail/office space.

    Lot size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5,600 square foot single-tenant property in Miami's vibrant Wynwood neighborhood offers a unique opportunity. Located at 120 NW 24th Street, this 1948-built building boasts double-height ceilings and a small mezzanine, perfect for creative uses. The space is situated in the heart of Wynwood's pedestrian grid, between the Society Wynwood and AMLI apartment complexes, ensuring high visibility and foot traffic. A significant advantage is the approximately 3,000 square foot patio at the front, suitable for parking or other uses. The property's location on a bustling street places it near popular establishments like Panther Coffee, Aviator Nation, Bodega, and Gramps, further enhancing its appeal. This 7,500 square foot lot in Miami-Dade County (zip code 33127) provides unparalleled exposure in a thriving urban walkable market, ideal for businesses seeking to capitalize on Wynwood's artistic and cultural energy. The property is classified as Retail and Office, suitable for creative uses.

    Property Features for 120 24Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,600 SF
    Total Rate
    23333.33

    Building Details

    Year Built
    1948

    Unit(s) available at that property

    Space
    Size
    5,600 SF
    Rate per SF
    $50

    HighLights

    • Excellent Wynwood location, walkable to top retail and restaurants.
    • 5,600 SF building with double‑height ceilings and mezzanine, ideal for creative uses.
    • Approx. 3,000 SF front patio/parking area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cowy Burger Hamburger Restaurant Ted’s Burgers Fast Food Restaurant J. Wakefield Brewing Brewery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1975138
    Latitude
    25.799666

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Wynwood retail/office space.
    Where is this office property / space located?
    The property is located at 120 24Th St Miami, FL.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Excellent Wynwood location, walkable to top retail and restaurants.; 5,600 SF building with double-height ceilings and mezzanine, ideal for creative uses.; Approx. 3,000 SF front patio/parking area.
    Request Owner's contact information
    120 24Th St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 24Th St Miami, FL 33127
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