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118 Nw 24 Th St

$3,950,000

Miami, FL 33127

Active
Last Updated: 06/24/2025

2,983 sqft

Building Size

1

Units

Details:
Building Size:    2,983 sqft
Units:    1
Year Built:    1927
Floors:    1
Gross Leaseable Area:    2,983
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Other Available Information
  • Architectural Style: Other
  • Cooling: Other
  • Heating: None
  • Flooring: Tile
  • Construction Materials: Other
Description:

Covered Land Play with In-Place Multifamily Income in the Heart of Wynwood
Gridline Properties is proud to present 118 NW 24th Street—an exceptional covered land investment
located in the urban core of Wynwood, one of Miami’s most transformative neighborhoods. Situated on a
7,500 SF lot, the property is improved with a 2,620 SF multifamily structure configured into eight residential
units, currently producing stable in-place income.
With flexible T5-O zoning, this site offers a unique opportunity to generate immediate cash flow while
strategically land banking for future vertical development.118 NW 24th Street is ideally positioned
for future repositioning or redevelopment up to five stories, with a mix of residential, retail, or short-term
rental uses.

Map:
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