118 24th St ,Commercial, Marks Sub for Sale & Rent

118 24th St for Sale & Rent

Price $3,390,000.00

• Lot size 7500
• Year Build
• Waterfront
• Zip 33127
• Style
• Parking Description
• Pool Yes
• Status Active

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.

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

Central Business District, City Location, 1-2.5 Acres

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.

City:Miami,Zoning:6101,List A O R:A-Miami Association of REALTORS,Tax Year:2025,Latitude:25.7996653,List Price:3390000,Listing Id:A12056960,Longitude:-80.1974172,Mls Status:Active,Utilities:1:Electricity Connected,2:Natural Gas Connected,3:Phone Connected,4:Sewer Connected,5:Water Connected,6:Cable Available,7:Electricity Available,8:Natural Gas Available,9:Phone Available,10:Trash Removal,11:Water Available,Current Use:1:Income (Other),Postal Code:33127,Street Name:24th St,Coordinates:1:25.7996653,Lot Features:1:City Location,2:1-2.5 Acres,Photos Count:23,Possible Use:1:Industrial,2:Urban Commercial,Building Name:MARKS SUB,Days On Market:1,Lot Size Acres:0.172,Lot Size Units:Square Feet,M I A M I R E_ Area:30,M L S Area Major:Marks Sub,On Market Date:2026-07-20,Other Expense:12965,Parcel Number:01-31-25-037-0420,Property Type:Commercial Land,Street Number:118,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-11-30,Frontage Length:50,List Office Name:IRG,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:56717,Postal Code Plus4:4458,Property Sub Type:Commercial,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:MARKS SUB,Tax Annual Amount:56717,Unparsed Address:118 NW 24th St, Miami FL 33127,Insurance Expense:1765,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Road Frontage Type:1:City/County Maintained,2:Public Road,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:50x150,Lot Size Square Feet:7500,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:452,Original List Price:3390000,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-07-20,Originating System I D:miamire,Public Survey Section:25,Showing Instructions:Call Listing Agent,Street Number Numeric:118,Tax Legal 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,Gross Scheduled Income:153000,M I A M I R E_ Current Price:3390000,M I A M I R E_ Jurisdiction:City,Public Survey Township:31,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:7,500 SF lot to Build up to 20K Sqft with no parking requirement, based on the City of Miami Building Department for projects of 2K Sqft or less.,M I A M I R E_ Parcel Number M L X:0420,M I A M I R E_ Street View Param:1$25.799618$-80.1974$19.80$13.33$1.00$CAoSFkNJSE0wb2dLRUlDQWdJREJfLUxQZHc.,Contract Status Change Date:2026-07-20,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Subdivision Number:37,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:203-508-2407,M I A M I R E_ Inc Exp Statement Period:12,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:118 NW 24th St,Internet Automated Valuation Display Y N:1,