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118 NW 24th St, Miami FL 33127

Commercial For Sale
$3,425,000

BTC: 56.70529801

ETH: 2,147.75285479

New
0 room(s)

Overview

Wynwood land with a 8 plex generation income. T5-O - MIX USE COMMERCIAL (8/8 Studios in WYNWOOD) •Zoning: T5-O/NRD-1 • Lot Size 7,500SF •Covered Land Play property; Owner would receive income while working on development plans • Great opportunity for owner user or developer with all tenant leases up-to-date • Current income: Approx. $12,400/Month • Property includes 8 street parking spaces (City Decal) • New roof installed in '16 • WiFi network for all tenants • Central washer and dryer • Minutes to Miami Design District, Midtown, Allapattah, Miami beach, Downtown Miami and more

Location

Florida • Miami • 33127 • Commercial • For Sale

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.17 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,400,000
$1.2M – $3.0M
Confidence Low
List vs. estimate
$1.0M above estimate
List $3,425,000 · +42.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $14.5M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$56,717
2025
All facts and features

  • Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 01-31-25-037-0420

    • Zoning: 6101

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Income/MultiFamily

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Cable Available

    • Electricity Available

    • Natural Gas Available

    • Other

    • Phone Available

    • Sewer Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $56,717

  • Source details

    • MLS ID: A12047239

    Other facts

    • Lot Features: Central Business District / City Location / Shopping Center / Urban Area Development / 1-2.5 Acres

    • Water Source: Municipal Water

    • Lot Size Dimensions: 50x150

    • Subdivision Name: MARKS SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33127
123
median $1.1M
Active
Same city
Miami
5,920
median $649K
Active
Same type
Commercial
423
median $1.2M
Active
Similar price
$2.4M – $4.5M
387
median $3.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Miami Residential Group