# 118 NW 24th St, Miami, FL 33127 > **TL;DR:** commercial, $3,350,000. Est. $17,916/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,350,000 | | Lot Size | 7,501 sqft (0.17 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,939 | | Estimated Insurance | $977 | | **Total** | **$17,916** | ## Property Highlights - 0.17 acre lot ## Description ### Agent Description 7,500 SF lot to Build up to 20,000 SF with no parking requirement, according to the City of Miami Building Department for projects of 20,000 SF or less. The site allows for a five-story mixed-use building featuring 24 residential units above a 4,000-3,600 SF ground-floor retail or restaurant space. The commercial space can be leased to generate a stable NNN (Triple Net) income stream, creating an additional revenue source while maximizing the property's long-term investment potential. This land - multifamily in the heart of Miami's iconic Wynwood Arts District featuring eight fully leased studio apartments generates steady in-place income of approximately $12,400 per month, making it a strong holding option while exploring future redevelopment. Zoned T5-O/NRD-1. The property benefits from its proximity to major lifestyle and employment hubs, including the Miami Design District, Midtown, Allapattah, and Downtown Miami, all within minutes. Immediate access to key transportation routes ensures connectivity across Greater Miami, and the neighborhood's walkability supports its thriving cultural, culinary, and retail environment. Investors can leverage Wynwood's upward trajectory for appreciation while benefiting from dependable short-term cash flow. This is a compelling opportunity to control an income-producing asset with significant redevelopment potential in one of Miami's most dynamic corridors. ## Location - **Address:** 118 NW 24th St, Miami, FL 33127 - **County:** Miami-Dade - **Neighborhood:** MARKS SUB - **Coordinates:** 25.799617, -80.197401 - **Google Maps:** https://www.google.com/maps?q=25.799617,-80.197401 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/mia/A12056960 ## Listing Agent - **Name:** Cuindney Mantilla · **License:** 3325552 - **Brokerage:** International Realtors Group Corp. - **Phone:** 2035082407 - **Broker Phone:** (305) 661-8108 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/MAORFL/A12056960/?channel=propsimple) ## Photos ![118 NW 24th St - Photo 1](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f1761555753r.jpg) ![118 NW 24th St - Photo 2](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f1902153426r.jpg) ![118 NW 24th St - Photo 3](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f4294141970r.jpg) ![118 NW 24th St - Photo 4](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2081115624r.jpg) ![118 NW 24th St - Photo 5](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f1791158950r.jpg) ![118 NW 24th St - Photo 6](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f3743875904r.jpg) ![118 NW 24th St - Photo 7](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f124708520r.jpg) ![118 NW 24th St - Photo 8](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2894345989r.jpg) ![118 NW 24th St - Photo 9](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f1751711539r.jpg) ![118 NW 24th St - Photo 10](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2935938694r.jpg) ![118 NW 24th St - Photo 11](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f4189999810r.jpg) ![118 NW 24th St - Photo 12](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f3686661902r.jpg) ![118 NW 24th St - Photo 13](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f522013580r.jpg) ![118 NW 24th St - Photo 14](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f1730756232r.jpg) ![118 NW 24th St - Photo 15](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f3909311874r.jpg) ![118 NW 24th St - Photo 16](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2322529357r.jpg) ![118 NW 24th St - Photo 17](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f772145337r.jpg) ![118 NW 24th St - Photo 18](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2876390536r.jpg) ![118 NW 24th St - Photo 19](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2171832811r.jpg) ![118 NW 24th St - Photo 20](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f1926407597r.jpg) ![118 NW 24th St - Photo 21](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f2123556154r.jpg) ![118 NW 24th St - Photo 22](http://lh.rdcpix.com/3d2c171fd1a1d3348e6b8b2f25ac7783l-f941959028r.jpg) --- **MLS#:** A12056960 | **Updated:** 2026-08-28 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/118-nw-24th-st-miami-fl-33127-12056960) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/118-nw-24th-st-miami-fl-33127-12056960#listing", "url": "https://www.propertysimple.ai/listing/118-nw-24th-st-miami-fl-33127-12056960", "name": "118 NW 24th St, Miami, FL 33127", "description": "7,500 SF lot to Build up to 20,000 SF with no parking requirement, according to the City of Miami Building Department for projects of 20,000 SF or less. The site allows for a five-story mixed-use building featuring 24 residential units above a 4,000-3,600 SF ground-floor retail or restaurant space. The commercial space can be leased to generate a stable NNN (Triple Net) income stream, creating an additional revenue source while maximizing the property's long-term investment potential. This land - multifamily in the heart of Miami's iconic Wynwood Arts District featuring eight fully leased studio apartments generates steady in-place income of approximately $12,400 per month, making it a strong holding option while exploring future redevelopment. Zoned T5-O/NRD-1. The property benefits from its proximity to major lifestyle and employment hubs, including the Miami Design District, Midtown, Allapattah, and Downtown Miami, all within minutes. Immediate access to key transportation routes ensures connectivity across Greater Miami, and the neighborhood's walkability supports its thriving cultural, culinary, and retail environment. Investors can leverage Wynwood's upward trajectory for appreciation while benefiting from dependable short-term cash flow. 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